Practicing Success

Target Exam

CUET

Subject

Economics

Chapter

Macro Economics: National Income Accounting

Question:
Which of the following is a factor income?
Options:
old age pension
unemployment allowance
interest received by a household from deposits in a bank
claim received by an injured worker from insurance company
Correct Answer:
interest received by a household from deposits in a bank
Explanation:
There are 4 factors of production i.e. Land, Labour, Capital and Entrepreneur and the payment received against them are the factor payments which are rent, wage, interest and profits.