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Question : Which of the following are the part of national income?

  1. Expenditure on education of children by a family.
  2. Purchase of rented factory building by the factory owner.
  3. Purchase of furniture by a firm.
  4. Profit earned by branches of foreign bank in India.

Option 1: Only 1&3

Option 2: 2,3&4

Option 3: 1,3&4

Option 4: 1,2,3&4


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Team Careers360 14th Jan, 2024
Answer (1)
Team Careers360 17th Jan, 2024

Correct Answer: 1,3&4


Solution : The important points are-

  1. Expenditure on education of children by a family- private final consumption expenditure
  2. Purchase of rented factory building by the factory owner- intermediate consumption
  3. Purchase of furniture by a firm- private final consumption expenditure
  4. Profit earned by branches of foreign bank in India- profit

Hence, Option C is correct.

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