Question : Which of the following are the part of national income?
- Fees received from student.
- Expenditure on education of children by a family.
- Purchase of furniture by a firm.
- Sale of bond by a company.
Option 1: 2,3&4
Option 2: 1,2&3
Option 3: 1,3&4
Option 4: Only 2&3
Correct Answer: 1,2&3
Solution : The important points are-
- Fees received from student- private final consumption expenditure.
- Expenditure on education of children by a family- private final consumption expenditure.
- Purchase of furniture by a firm- private final consumption expenditure.
- Sale of bond by a company- financial claim and donot add to productive activity.
Hence, Option B is correct.