Question : Any income arising from capital gains is not a part of_____________.
Option 1: Transfer income
Option 2: Factor income.
Option 3: Domestic income
Option 4: National income.
Answer (1)
16th Jan, 2024
Correct Answer: Factor income.
Solution :
Capital gain refers to income from sale of second hand goods and financial assets. Any income arising from capital gains is not a part of factor income.
Hence, Option B is correct.
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