Question : Which of the following statements is incorrect?

Option 1: Only those assets which are expected to be realized within a year should be included in current assets.

Option 2: Those liabilities, which are expected to be paid within a year, should be included in current liabilities. Those long-term loans and debentures, which will be due for payment within one year, are also included in current liabilities.

Option 3: Loose Tools, Patents, Goodwill, Trade Marks and Computer Software are not included in current assets.

Option 4: Bank Overdrafts should not be included in current liabilities.

Question : The marginal propensity to consume (MPC) is 0.75. If there is an autonomous increase in investment spending of INR 1,000, what will be the change in equilibrium income?

Option 1: INR 750
    

Option 2: INR 1,000
   

Option 3: INR 1,333.33

Option 4: INR 4,000