Q. Which one of the following is not an example of final goods? Chalk, dusters, etc. purchased by a school seeds used by the farmers milk used by a sweets shop All of the above Answer: All of the above
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Q. Which of the following are covered under the domestic territory of India? state bank of India in London Google office in India Office of Tata Motors in Australia Russian Embassy in India Answer: Google office in India
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Q. The flow of goods and services and factors of production across different sectors in a barter economy is known as: Circular Flow Real Flow Monetary Flow Capital Flow Answer: Real Flow
Q. Which one of the following is an intermediate product? Purchase of oil by consumers Machine purchased by firms Wheat used by a flour mills Wheat used by households Answer: Wheat used by a flour mills
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Q. In a closed economy,………is not included. Households Firms Government Foreign sector Answer: Foreign sector
Q. Real flow refers to the flow of factor services from…..to……. Firms to households Households to firms Firms to government Households to government Answer: Households to firms
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Q. Which of the following is the consumption sector? Households Firms Foreign Government Answer: Households
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Q. Problem of double counting can be avoided by using: final output method value-added method both 1 and 2 neither 1 nor 2 Answer: both 1 and 2
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Q. Money flow involves the exchange of: Goods and services Gifts Money None of these Answer: Money
Q. Real flow is also known as: Nominal flow Physical flow Money flow Both a) and b) Answer: Physical flow
