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

a. Expenditure on goods and services

b. Production of goods and services

c. Flow of Factors of production

d. Flow of factor income

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2) Flow variables are those which

a. Can be measured at a point of time

b. Can be measured over a period of time

c. Cannot be measured

d. None of These

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3) Which of the following is a flow variable

a. Quantity of money

b. None of these

c. Consumption

d. Wealth

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4) Saving is an example of 

a. None of these

b. Both stock and flow

c. Flow

d. Stock

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

a. 4

b. 2

c. 3

d. 5

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

a. Physical flow

b. All of these

c. Real flow

d. Money flow

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

a. Both stock and flow

b. Flow

c. Stock

d. Neither stock nor flow

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

a. None of these

b. Flow variable

c. Stock variable

d. Inventory

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9) Capital formation is classified as ______.

a. Stock

b. Flow

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10) Which of the following is a flow?

a. Aggregate Supply

b. National Income

c. All of these

d. Investment

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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.