Statement 1: Factor income is a Bilateral Income
Statement 1: Factor income is a Bilateral Income.
Statement 2: Factor income refers to income received without rendering any productive service in return.
Alternatives:
(a) Both the statements are true.
(b) Both the Statements are false.
(c) Statement 1 is true and Statement 2 is false.
(d) Statement 2 is true and Statement 1 is false.
Anurag Pathak Changed status to publish December 6, 2023
Ans – (c)
Explanation:-
Statement 1: It’s true,Factor income is a Bilateral (two-sided) Income as it is received in return for factor (productive) services.
Statement 2: It’s false, Factor income refers to income received against rendering any productive services in return.
Anurag Pathak Changed status to publish December 6, 2023
