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&3Opti ...

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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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Team Careers360 14th Jan, 2024

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Team Careers360 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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