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) 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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2) Which of the following is a flow variable

a. None of these

b. Consumption

c. Wealth

d. Quantity of money

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

a. 2

b. 4

c. 5

d. 3

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4) Flow variables are those which

a. Can be measured over a period of time

b. None of These

c. Can be measured at a point of time

d. Cannot be measured

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

a. Flow of factor income

b. Expenditure on goods and services

c. Production of goods and services

d. Flow of Factors of production

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6) Saving is an example of 

a. None of these

b. Stock

c. Flow

d. Both stock and flow

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

a. Stock

b. Neither stock nor flow

c. Flow

d. Both stock and flow

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

a. All of these

b. Real flow

c. Money flow

d. Physical flow

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9) Which of the following is a flow?

a. Investment

b. All of these

c. National Income

d. Aggregate Supply

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10) Capital formation is classified as ______.

a. Stock

b. Flow

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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.