Question : Which of the following are true?

Salary received by Rakesh from a company is a factor income.

Bonus received on Diwali is a factor income.

Option 1: Both are true.

Option 2: Both are false.

Option 3: Statement 1 is true and statement 2 is false.

Option 4: Statement 1 is false and statement 2 is true.

Question

Question : Which of the following are true?

Salary received by Rakesh from a company is a factor income.
Bonus received on Diwali is a factor income.

Option 1: Both are true.

Option 2: Both are false.

Option 3: Statement 1 is true and statement 2 is false.

Option 4: Statement 1 is false and statement 2 is true.

Team Careers360 · Accepted Answer

Correct Answer: Both are true.

Solution : Both the statements are correct as compensation is given in place of services rendered.
Hence, Option A is correct.

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Question : Which of the following statement are true?

Revenue receipt involves loan from world bank.

Revenue receipt involves income tax received by government.

Question : Which of the following statement are true?

At breakeven point, income and consumption are equal.

Equality between AD and AS implies the equality between income and AD.

Question : Which of the following statement are true?

Recovery of loan is a capital receipt.

Interest received in loans is a capital receipts.

Question : Which of the following are true?

Generation and distribution are the two phases in circular flow of income.

There are no exports in a closed economy.

Question : Which of the following statement are true?

Grants received from World Bank is the revenue receipt.

Sale of public sector undertaking is a capital receipt.