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WorksheetsEconomics Quiz
Total questions: 15
Worksheet time: 8mins
Income which earned by factor of production for rendering their services in production process is called:
Transfer income
Factor income
National income
None of these
The factor incomes are also known as :-
Two sided payment
Bilateral payment
Both of these
None of these
In return of factor income , work is done or service is rendered.
Agree
Disagree
Can’t say
Pick the odd one out
Fees received by lawyer
Salary given to a teacher
Pocket money of a student
Commission paid to a real state agent
These are the amount received for which no work is done. Identify
Factor income
Unearned income
Both of these
None of these
Which of the following is not included in estimation of national income
Earned income
Unearned income
Both of these
None of these
Pick the odd one out:-
Donation
Charity
Scholarship
Fees
Which of the following statements are true about Factor payments
Earned by factor of production
Two sided payment
no work is being done
Included in national income
Which of the income/ payments are of nature of receipt concept?
National income
Factor payment
Transfer payment
None of these
Which of the following statement is false about transfer payment?
No work is being done
One sided payment
Not included in national income
It is of income generation concept
Tick the factor income
Rent
wage
Interest
Profit
compensation received by flood victim
National Income is the sum total of transfer payments
True
False
Can’t say
Pick the odd one out:
Bonus to employee
Free meals to employees
Free accommodation given to employees
Gifts given to employees
Subsidy given by government is:-
factor income
Transfer income
Both of these
Neither of these
Taxes paid to government is:-
Factor income
Transfer income
None of these
Both of these
