Advertisements
Advertisements
Question
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 |
Options
A - (i)
B - (ii)
C - (iii)
D - (iv)
MCQ
Solution
A - (i)
Explanation:
- Personal garden vegetables are not meant for market sale.
- A taxi car is a capital good, not a consumer good.
- A residential air conditioner is a consumer good, not a capital good.
- Scholarships provided by the government to students are considered transfer income not factor income.
shaalaa.com
Basic Concepts - Capital Goods
Is there an error in this question or solution?
