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Which of the following is not considered a factor income?

619 viewsNovember 18, 2023MCQs (National Income)

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Anurag Pathak28.65K November 18, 2023 0 Comments

Which of the following is not considered a factor income?

(a) Rent

(b) Wages

(c) Gifts from abroad

(d) Profit

Anurag Pathak Changed status to publish November 18, 2023

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1 Answer

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Anurag Pathak28.65K Posted November 18, 2023 0 Comments

Ans – (c)

Explanation:-

Gifts from abroad is considered as a transfer payment as no services and goods are provided against it. Thus it is not a a factor income.

Anurag Pathak Changed status to publish November 18, 2023

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Anurag Pathak

Anurag Pathak is an academic teacher. He has been teaching Accountancy and Economics for CBSE students for the last 18 years. In his guidance, thousands of students have secured good marks in their board exams and legacy is still going on. You can subscribe his youtube channel and can download the Android & ios app for free lectures.