Question

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	(III) Transfer income
(D) Profits earned by a foreign bank in India	(IV) Part of domestic income

Choose the correct answer from the options given below :

• A. (A)-(1), (B)-(3), (C)-(2), (D)-(4)
• B. (A)-(1), (B)-(3), (C)-(3), (D)-(4)
• C. (A)-(3), (B)-(4), (C)-(1), (D)-(2)
• D. (A)-(1), (B)-(2), (C)-(4), (D)-(3)

Answer 1

The Correct Option is B

The task is to align items from List-I with corresponding economic concepts in 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	(III) Transfer income
(D) Profits earned by a foreign bank in India	(IV) Part of domestic income

The correct pairings are as follows:

• (A) Non-monetary exchanges correspond to (I) Services of housewives, as these are uncompensated services.
• (B) Old age pensions are classified as (III) Transfer income, representing income received without a current economic exchange.
• (C) Dividends received from investment in shares are also considered (III) Transfer income, as they are not directly tied to the current production of goods or services.
• (D) Profits earned by a foreign bank in India fall under (IV) Part of domestic income, as they represent income generated within the country's economic territory.

Consequently, the accurate matching is: (A)-(1), (B)-(3), (C)-(3), (D)-(4).