Question 41
MediumOriginal questionMatch each income with the category it belongs to.
| List I | List II |
|---|---|
| A. Salary of a bank clerk | I. Rent |
| B. Royalty paid to the owner of a mine | II. Interest |
| C. Income of a farmer working his own land | III. Compensation of employees |
| D. Interest earned on a fixed deposit | IV. Mixed income |
Show the answer and explanation
CorrectNot quiteAnswer D
Correct answer: D
Explanation
A salary is compensation of employees; royalty on a mine is rent for a natural resource.
A farmer on his own land is self-employed: mixed income. Interest on a deposit is interest.
- Concept
- Kinds of factor income
- Typical timeTypical
- 90 s
- Your timeYours
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