Question : The expenditure incurred on purchase or construction of owner- occupied houses is treated as __________________________.
Option 1: Current transfer
Option 2: Capital formation
Option 3: Transfer income
Option 4: Mixed income.
Correct Answer: Capital formation
Solution :
Question : Which of the following are not included in the national income?
Question : _____________________ is the expenditure incurred by the central government on various administrative services.
Question : Loss on issue of debenture is treated as
Question : Change in stock is zero when
Question : _________________ refers to the transfers made out of the current income of the payer and added to the current income of the recipient.
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