Question :

1. Expected obsolescene.
2. Passage of time.
3. Normal wear and tear.
4. Capital loss

Option 1: 1,2&3

Option 2: 2,3&4

Option 3: 1,3&4

Option 4: 1,2,3&4

Question : Which of the following are excluded from national income?

1. Winning of a lottery prize.
2. Transport expenses by a firm.
3. Sale of bond by a company.
4. Purchase of rented factory building by the factory owner.

Option 1: 1,2&3

Option 2: 2,3&4

Option 3: 1,3&4

Option 4: 1,2,3&4

Question :

1. They have derived demand.
2. They donot loose their identitiy in the production process.
3. They have life span of years.
4. They satisfy the wants of consumers.

Option 1: 2&3

Option 2: 2&4

Option 3: 1,2&3

Option 4: 2,3&4

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

1. Purchase of car by a household.
2. Gifts received from employer
3.  Royalty
4. Government expenditure on street lightning.

Option 1: 1,3&4

Option 2: 2,3&4

Option 3: 1,2,3&4

Option 4: 1,2&3

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