18 Views

Question : Which of the following is not an example of factor payment?

Option 1: Interest

Option 2: Wages

Option 3: Rent

Option 4: Pension


Team Careers360 10th Jan, 2024
Answer (1)
Team Careers360 22nd Jan, 2024

Correct Answer: Pension


Solution : The correct option is Pension .

Factor payments are payments made to the factors of production, which are the resources used in the production of goods and services. Interest, wages, and rents are all kinds of factor payments. Factor payments are an essential concept in economics and help explain how income is distributed among different participants in the economy. But a pension is not a kind of factor payment. It serves as a form of retirement savings. Pensions can be provided by employers, governments, or individuals through private retirement accounts.

SSC CGL Complete Guide

Candidates can download this ebook to know all about SSC CGL.

Download EBook

Know More About

Related Questions

TOEFL ® Registrations 2024
Apply
Accepted by more than 11,000 universities in over 150 countries worldwide
Manipal Online M.Com Admissions
Apply
Apply for Online M.Com from Manipal University
View All Application Forms

Download the Careers360 App on your Android phone

Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile

150M+ Students
30,000+ Colleges
500+ Exams
1500+ E-books