Money flow involves the exchange of
Q. Money flow involves the exchange of: Goods and services Gifts Money None of these Answer: Money
September 2022
Real flow is also known as
Q. Real flow is also known as: Nominal flow Physical flow Money flow Both a) and b) Answer: Physical flow
Stock variable is defined as a variable that is
Q. Stock variable is defined as a variable that is Measured over a period of time Measured at a particular point in time Can not be measured None of these Answer: Measured at a particular point in time
Losses are classified as
Q. Losses are classified as: Stock variable Flow variable Either a) or b) Neither a) nor b) Answer: Flow variable
Two-sector economy consists of
Q. Two-sector economy consists of: Households, firms Firms, Foreign sector Households, Government Firms, Government Answer: Households, firms
Which of the following is not an example of a flow variable?
Q. Which of the following is not an example of a flow variable? Number of births during a year National Wealth National Income Wheat produced during a year Answer: National Wealth
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Which of the following is not considered a factor of income?
Q. Which of the following is not considered a factor of income? Rent Wages Gifts from abroad Profit Answer: Gifts from abroad
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Which of the following is a phase of the circular flow of income?
Q. Which of the following is a phase of the circular flow of income? Generation Phase Distribution Phase Disposition Phase All of these Answer: All of these
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Which of the following is not a part of the final expenditure?
Q. Which of the following is not a part of the final expenditure? Consumer goods purchased by the government Consumer goods exported to the rest of the world Seeds purchased by the farmers Government fixed investment expenditure Answer: Seeds purchased by the farmers
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Which of the following is irrelevant in the estimation of compensation of employees?
Q. Which of the following is irrelevant in the estimation of compensation of employees? Free accommodation provided to the school principles Free education of the students whose parents are working in schools Wages and salaries in cash Old age pensions Answer: Old age pensions
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