Financial help to a victim is:
None of the above
Factor income
Net factor income from abroad
Transfer payment
Financial help to a victim is a transfer payment.
From the following data, calculate Personal Income and Personal Disposable Income.
Rs (crore)
(a)
Net Domestic Product at factor cost
8,000
(b)
Net Factor Income from abroad
200
(c)
Undisbursed Profit
1,000
(d)
Corporate Tax
500
(e)
Interest Received by Households
1,500
(f)
Interest Paid by Households
1,200
(g)
Transfer Income
300
(h)
Personal Tax
Give the meaning of factor income to abroad and factor income from abroad. Also give an example of each.