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Question : 5
Total: 49
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 |
Solution:
(a) A - (i)
Explanation:
(i) Vegetables grown in personal garden are not meant for sale in the market.
(ii) A car used as taxi is a capital good not a consumer good.
(iii) An air-conditioner used by household is a consumer good not a capital good.
(iv) Scholarships given to students by the government is transfer income not factor income.
Explanation:
(i) Vegetables grown in personal garden are not meant for sale in the market.
(ii) A car used as taxi is a capital good not a consumer good.
(iii) An air-conditioner used by household is a consumer good not a capital good.
(iv) Scholarships given to students by the government is transfer income not factor income.
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