Question : Which of the following are the part of national income?
- Expenditure on education of children by a family.
- Purchase of rented factory building by the factory owner.
- Purchase of furniture by a firm.
- Profit earned by branches of foreign bank in India.
Option 1: Only 1&3
Option 2: 2,3&4
Option 3: 1,3&4
Option 4: 1,2,3&4
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Answer (1)
17th Jan, 2024
Correct Answer: 1,3&4
Solution : The important points are-
- Expenditure on education of children by a family- private final consumption expenditure
- Purchase of rented factory building by the factory owner- intermediate consumption
- Purchase of furniture by a firm- private final consumption expenditure
- Profit earned by branches of foreign bank in India- profit
Hence, Option C is correct.
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