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. Flow of factor income

b. Production of goods and services

c. Flow of Factors of production

d. Expenditure on goods and services

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2) Flow variables are those which

a. Cannot be measured

b. None of These

c. Can be measured at a point of time

d. Can be measured over a period of time

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

a. Physical flow

b. Money flow

c. Real flow

d. All of these

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4) Saving is an example of 

a. Stock

b. Both stock and flow

c. Flow

d. None of these

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

a. 4

b. 5

c. 2

d. 3

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6) Capital formation is classified as ______.

a. Stock

b. Flow

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7) Which of the following is a flow variable

a. Quantity of money

b. None of these

c. Consumption

d. Wealth

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

a. Neither stock nor flow

b. Stock

c. Flow

d. Both stock and flow

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9) Which of the following is a flow?

a. Investment

b. National Income

c. Aggregate Supply

d. All of these

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

a. Flow variable

b. None of these

c. Stock variable

d. Inventory

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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.