Match List-I with List-II.
|
List-I |
List-II |
|
(A) Non monetary exchanges |
(I) Services of housewives |
|
(B) Old age pensions |
(II) Factor income from abroad |
|
(C) Dividends received from investment in shares of a Foreign company |
(III) Transfer income |
|
(D) Profits earned by Branch of a foreign bank in India |
(IV) Part of domestic income |
Choose the correct answer from the options given below:
Answer & explanation
Correct answer: option 2
The correct answer is Option (2) → (A)-(I), (B)-(III), (C)-(II), (D)-(IV)
Explanation:
- (A) Non monetary exchanges → (I) Services of housewives: This refers to services provided without monetary compensation.
- (B) Old age pensions → (III) Transfer income: Old age pensions are payments made without an exchange of goods or services, classifying them as transfer income.
- (C) Dividends received from investment in shares of a Foreign company → (II) Factor income from abroad: Dividends from foreign investments are considered income received from foreign factors of production.
- (D) Profits earned by Branch of a foreign bank in India → (IV) Part of domestic income: Profits earned by a foreign bank's branch in India are included in the country's domestic income as they are generated within the domestic economy.