Question:
Which of the following is considered a property income?
(1) Wages and salaries
(2) Interest
(3) Employers contribution to Employees Provident Fund
(4) Non-Life Insurance claims
(5) Subsidies
Correct Answer:
(2)
Answer Explanation:
Property income is the income received by the owners of financial assets or tangible non-produced assets (like land) in return for providing funds or resources to other entities. Rent (for land), Dividends/Profits (for equity), and Interest (for capital/loans) are the three classic types of property income.
Topic: National Income Year: 2019
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