From the statements given in Column I and Column II. Choose the correct pair Vegetables grown in the personal garden
From the statements given in Column I and Column II. Choose the correct pair.
| Column I | Column II |
| A. Vegetables grown in the personal garden | (i) Non-marketing activity |
| B. A Car used as a taxi | (ii) Consumer good |
| C. An air-conditioner used by household | (iii) Capital good |
| D. Scholarship given to students by government | (iv) Factor income |
Codes
(a) A – (i)
(b) B – (ii)
(c) C – (iii)
(d) D – (iv)
Anurag Pathak Changed status to publish November 13, 2023
Solution:
Ans – (a) A – (i)
Explanation:-
Vegetables grown in the personal garden are the leisure time activities and vegetables grown are not meant for sale. The it is a non-marketing activity.
A car used as a taxi is a capital good, not a consumer good.
An air conditioner used by households is a consumer good and not the capital goods
Scholarships given to students by the government is a transfer payments and not the factor income.
Thus only option (a) is correct.
Anurag Pathak Changed status to publish November 13, 2023
