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) Which of the following is a flow?

a. Investment

b. Aggregate Supply

c. All of these

d. National Income

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

a. 2

b. 4

c. 3

d. 5

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

a. Inventory

b. Flow variable

c. Stock variable

d. None of these

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4) Capital formation is classified as ______.

a. Stock

b. Flow

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

a. Real flow

b. All of these

c. Physical flow

d. Money flow

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

a. Flow

b. Stock

c. Neither stock nor flow

d. Both stock and flow

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7) Saving is an example of 

a. None of these

b. Stock

c. Flow

d. Both stock and flow

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

a. Flow of Factors of production

b. Expenditure on goods and services

c. Flow of factor income

d. Production of goods and services

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9) Which of the following is a flow variable

a. Quantity of money

b. Wealth

c. Consumption

d. None of these

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10) Flow variables are those which

a. None of These

b. Can be measured at a point of time

c. Cannot be measured

d. Can be measured over a period of time

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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.