Question

From the items given in Column-I and Column-II, choose the correct pair.

Column-I	Column-II
(a) Income from Property	(iv) Interest from capital
(b) Income from Entrepreneurship	(ii) Profit
(c) Mixed Income	(iii) Rent free accommodation from an employer
(d) Compensation of Employees	(i) Old age pension

• (a) -- (i)
• (b) -- (ii)
• (c) -- (iii)
• (d) -- (iv)

Hint:

Remember: Profit is the reward for entrepreneurship in factor income distribution.

Answer 1

The Correct Option is B

Income from entrepreneurship is typically classified as profit, as it represents the reward for the risk and initiative undertaken by the entrepreneur. Hence, the correct pair is option (B).