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|
(a) A – (i)
(b) B – (ii)
(c) C – (iii)
(d) D – (iv)
Ans – (a) A – (i)
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.