Circular Flow of Income MCQs class 12

Circular Flow of Income MCQs class 12 (Set 2)

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Created on December 21, 2021 By One Mark Solution

Circular Flow of Income MCQs (Set 2)

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1) Capital formation is classified as ______.

a. Flow

b. Stock

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2) Which of the following is a flow variable

a. Wealth

b. Consumption

c. None of these

d. Quantity of money

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3) Flow variables are those which

a. Can be measured over a period of time

b. Can be measured at a point of time

c. Cannot be measured

d. None of These

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4) Which of the following is a flow?

a. Investment

b. National Income

c. All of these

d. Aggregate Supply

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5) Which of the following is also called nominal flow?

a. Real flow

b. Money flow

c. All of these

d. Physical flow

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6) The distribution phase of the circular flow of income involves :

a. Production of goods and services

b. Expenditure on goods and services

c. Flow of factor income

d. Flow of Factors of production

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7) Saving is an example of 

a. Both stock and flow

b. Flow

c. Stock

d. None of these

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8) Income of the family is the example of which variable?

a. Flow

b. Neither stock nor flow

c. Both stock and flow

d. Stock

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9) A quantity measured per unit of time period is known as

a. None of these

b. Flow variable

c. Inventory

d. Stock variable

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10) There are _________ phases in the circular flow of income.

a. 3

b. 5

c. 2

d. 4

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We are providing here the MCQs of Circular Flow of Income MCQs class 12.

From the Annual Examination 2021-22, class XII students will find more objective type questions in their Economics question paper.

To prepare for the MCQs, students need to know all the

important concepts which can be tested in the exam.

MCQs on Circular Flow of Income provided here 

will help students get acquainted with important concepts.

So that they may easily attempt the related Multiple Choice Type Questions asked in CBSE XII Economics Exam 2021-22.