Question : Which of the following is an example of a capital transfer?
Option 1: A government grant to a research institution
Option 2: A payment for a good or service
Option 3: A tax on income
Option 4: A payment for a loan
Correct Answer: A government grant to a research institution
Solution : The correct answer is d) Capital gains.
Capital gains are not considered a component of national income. National income refers to the total income earned by individuals, businesses, and other entities within a country during a specific time period. It includes various components, but capital gains, which are profits realized from the sale of assets such as stocks, bonds, or real estate, are not included in national income.
Option 1: A government subsidy to a private company
Option 3: A tax on imports
Option 4: A gift from one person to another
Question : Which of the following is not an example of direct tax?
Option 1: property tax
Option 2: tax on assets and gift to the government
Option 3: service tax
Option 4: income tax
Question : Which of the following is an example of a non-tax revenue for a government?
Option 1: Income tax
Option 2: Sales tax
Option 3: License fees
Option 4: Property tax
Question : Which of the following is an example of an indirect tax?
Option 1: Property tax
Option 2: Income tax
Option 3: Sales tax
Option 4: Corporate tax
Question : Which of the following is an example of a transfer payment?
Option 1: A payment for a good or service
Option 2: A salary paid to an employee
Option 3: A pension paid to a retiree
Option 4: A fee paid to a consultant
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