A teacher who is teaching his own daughter is not a part of economic activity as the imputed value of such activities can not be calculated.

Consumption and income are directly or positively  related. An increase in income results in increase in consumption  and vice-versa.

Income which is not produced by any production process  is called transfer income. It is generally money received by  an individual or family from the state or other body, often the  pension or unemployment benefit.

A rising per Capita Income will indicate a better welfare if it is accompanied by changed Income distribution in favour of Poor.

Investment multiplier means those elements by which investment is increased and due to increasing of investment. There is increase in income and production. So effect of ‘Investment Multiplier’, according to above options is shown on income

The Current payment on foreign loans are not included in personal Income. In economics, personal income refers to an individual’s total earnings from wages, investment enterprises, and other ventures. It is the sum of all the incomes received by all the individuals or household during a given period.

1. The place where Dandi Salt March was carried out is today located in Gujarat state of India.

2. This place is on the coast of Arabian Sea near Dandi city.

3. Dandi March lasted from March 12, 1930 to April 6, 1930.

4. This journey was led by Mahatma Gandhi.

5. The purpose of this journey was to protest against the salt monopoly imposed by the British government.