Question : Which of the following is correct?
Option 1: Operating surplus = Compensation of employees + profit + interest.
Option 2: Operating surplus = Compensation of employees + rent+ interest.
Option 3: Operating surplus = Rent and royalty + profit + interest.
Option 4: Operating surplus = Compensation of employees + profit + mixed income.
Correct Answer: Operating surplus = Rent and royalty + profit + interest.
Solution :
Question : Operating surplus includes ________________________.
Option 1: Rent and royalty
Option 2: Interest
Option 3: Profit
Option 4: All of the above.
Question : The components of income method includes-
Option 1: Compensation of employees
Option 2: Operating surplus
Option 3: Mixed income
Question : Income generated by own account workers and unincorporated enterprises is known as ________.
Option 1: Operating surplus
Option 2: Rent
Option 4: Royalty
Question : Which of the following is NOT a component of national income?
Option 3: Indirect taxes
Option 4: Net factor income from abroad
Question : Which of the following is not a component of national income?
Option 3: Taxes on production and imports
Option 4: Subsidies
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