Q: 1 (IAS/2012)

Under which of the following circumstances may “capital gains” arise?
1. When there is an increase in the sales of a product
2. When there is a natural increase in the value of the property owned
3. When you purchase a painting and there is a growth in its value due to increase in its popularity
Select the correct answer using the codes given below :
question_subject: 
Economics
question_year: 
2012
question_exam: 
IAS
question_sub_subject: 
General Economics
question_topic: 
Macro-economics
stats: 
0,2736,1928,296,2736,600,1032