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Question : Which of the following are the part of national income?

  1. Purchase of car by a household.
  2. Gifts received from employer
  3.  Royalty
  4. Government expenditure on street lightning.

Option 1: 1,3&4

Option 2: 2,3&4

Option 3: 1,2,3&4

Option 4: 1,2&3


Team Careers360 4th Jan, 2024
Answer (1)
Team Careers360 17th Jan, 2024

Correct Answer: 1,3&4


Solution : The important point-

  1. Purchase of car by a household- Private final coonsumption expenditure.
  2. Gifts received from employer- Transfer incomes
  3. Royalty- Rent and royalty
  4. Government expenditure on street lightning- Government final consumption expenditure.

Hence, Option A is correct.

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