We calculate the effect of magnetic dipolar transitions, related with the polarizabilities B″, B′, B′ and B″ and electric-quadrupole transitions, related with the polarizabilities C′, C″, C″ and C′, on dynamical Rayleigh light scattering by isotrophic media. To this aim, we introduce molecular scattering factors of the fourth, fifth and sixth orders related with these polarizabilities. For molecules with 76 magnetic point group symmetries these transitions are found to affect the time-dependent intensities and depolarization ratios of scattered light. Among the 76 groups, the molecules belonging to 23 groups exhibit natural (transmission and Rayleigh) optical activity, whereas the point group 2mm shows Rayleigh activity only. The effects in question result moreover from the contribution of magnetic-dipole and electric-quadrupole transitions. For isotropic molecules, the above transitions lead to partial depolarization of the scattered light wave. Our use of i- and c-tensors as well as Hermitian and anti-Hermitian components permits the extension of our discussion to regions of absorption as well as cases of full symmetry of the molecules.