The two-sector model includes only households and firms. Treat it as the simplest circular flow model in exams.
Step 2
Why this answer is correct
The correct answer is A. परिवार और फर्म / Households and firms. The two-sector model includes only households and firms. Treat it as the simplest circular flow model in exams.
Step 3
Exam Tip
दो-क्षेत्रीय मॉडल में केवल परिवार और फर्म शामिल होते हैं। परीक्षा में इसे सबसे सरल आय चक्र मानें।
Households provide factor services such as land labour capital and enterprise to firms. In exams remember households as factor owners.
Step 2
Why this answer is correct
The correct answer is B. कारक सेवाएं / Factor services. Households provide factor services such as land labour capital and enterprise to firms. In exams remember households as factor owners.
Step 3
Exam Tip
परिवार भूमि श्रम पूंजी और उद्यम जैसे कारक फर्मों को देते हैं। परीक्षा में परिवार को कारक स्वामी याद रखें।
Firms pay wages rent interest and profit for factor services. These payments are called factor income.
Step 2
Why this answer is correct
The correct answer is A. कारक आय / Factor income. Firms pay wages rent interest and profit for factor services. These payments are called factor income.
Step 3
Exam Tip
फर्म कारक सेवाओं के बदले मजदूरी किराया ब्याज और लाभ देती हैं। यही कारक आय कहलाती है।
B. वस्तुओं और सेवाओं का उत्पादन करना/Produce goods and services
Step 1
Concept
Firms produce goods and services by using factor services. This is the base of the production flow.
Step 2
Why this answer is correct
The correct answer is B. वस्तुओं और सेवाओं का उत्पादन करना / Produce goods and services. Firms produce goods and services by using factor services. This is the base of the production flow.
Step 3
Exam Tip
फर्म कारक सेवाओं का उपयोग करके वस्तुओं और सेवाओं का उत्पादन करती हैं। यही उत्पादन प्रवाह का आधार है।
C. वस्तुओं और सेवाओं की खरीद के लिए/Buying goods and services
Step 1
Concept
Households use their income to buy goods and services from firms. This gives consumption expenditure to firms.
Step 2
Why this answer is correct
The correct answer is C. वस्तुओं और सेवाओं की खरीद के लिए / Buying goods and services. Households use their income to buy goods and services from firms. This gives consumption expenditure to firms.
Step 3
Exam Tip
परिवार अपनी आय से फर्मों की वस्तुएं और सेवाएं खरीदते हैं। इससे फर्मों को उपभोग व्यय मिलता है।
D. कारक सेवाओं और वस्तुओं के प्रवाह/Flow of factor services and goods
Step 1
Concept
Real flow involves the exchange of goods services and factor services. Money payment is not the main focus here.
Step 2
Why this answer is correct
The correct answer is D. कारक सेवाओं और वस्तुओं के प्रवाह / Flow of factor services and goods. Real flow involves the exchange of goods services and factor services. Money payment is not the main focus here.
Step 3
Exam Tip
वास्तविक प्रवाह में वस्तुओं सेवाओं और कारक सेवाओं का आदान-प्रदान होता है। इसमें मुद्रा भुगतान मुख्य नहीं होता।
A. मुद्रा के रूप में भुगतान का प्रवाह/Flow of payments in money form
Step 1
Concept
Money flow shows the flow of income and expenditure in money form. It moves opposite to the real flow.
Step 2
Why this answer is correct
The correct answer is A. मुद्रा के रूप में भुगतान का प्रवाह / Flow of payments in money form. Money flow shows the flow of income and expenditure in money form. It moves opposite to the real flow.
Step 3
Exam Tip
मौद्रिक प्रवाह में आय और व्यय का मुद्रा में प्रवाह दिखाया जाता है। यह वास्तविक प्रवाह के विपरीत दिशा में चलता है।
Factor services of labour land capital and enterprise are bought and sold in the factor market. Firms are the buyers of these services.
Step 2
Why this answer is correct
The correct answer is B. कारक सेवाएं / Factor services. Factor services of labour land capital and enterprise are bought and sold in the factor market. Firms are the buyers of these services.
Step 3
Exam Tip
कारक बाजार में श्रम भूमि पूंजी और उद्यम की सेवाएं खरीदी और बेची जाती हैं। फर्म इनके खरीदार होती हैं।
In the product market firms sell goods and services to households. Households are the buyers.
Step 2
Why this answer is correct
The correct answer is C. वस्तुएं और सेवाएं / Goods and services. In the product market firms sell goods and services to households. Households are the buyers.
Step 3
Exam Tip
उत्पाद बाजार में फर्म परिवारों को वस्तुएं और सेवाएं बेचती हैं। परिवार इनके खरीदार होते हैं।
Households are considered the owners of factors of production. They provide them to firms for production.
Step 2
Why this answer is correct
The correct answer is D. परिवार / Households. Households are considered the owners of factors of production. They provide them to firms for production.
Step 3
Exam Tip
परिवार उत्पादन कारकों के स्वामी माने जाते हैं। वे इन्हें फर्मों को उत्पादन के लिए उपलब्ध कराते हैं।
B. क्षेत्रों की पारस्परिक निर्भरता/Mutual dependence of sectors
Step 1
Concept
The circular flow of income shows that households and firms depend on each other. It is a base for understanding national income.
Step 2
Why this answer is correct
The correct answer is B. क्षेत्रों की पारस्परिक निर्भरता / Mutual dependence of sectors. The circular flow of income shows that households and firms depend on each other. It is a base for understanding national income.
Step 3
Exam Tip
आय का चक्रीय प्रवाह बताता है कि परिवार और फर्म एक-दूसरे पर निर्भर हैं। यह राष्ट्रीय आय की समझ का आधार है।
There is no government in the two-sector model so taxes are not considered. A closed economy also has no foreign trade.
Step 2
Why this answer is correct
The correct answer is B. कर / Tax. There is no government in the two-sector model so taxes are not considered. A closed economy also has no foreign trade.
Step 3
Exam Tip
दो-क्षेत्रीय मॉडल में सरकार नहीं होती इसलिए कर नहीं माना जाता। बंद अर्थव्यवस्था में विदेश व्यापार भी नहीं होता।
A. क्योंकि यह बंद अर्थव्यवस्था मानता है/Because it assumes a closed economy
Step 1
Concept
The two-sector model is based on the assumption of a closed economy. Therefore imports and exports are not included.
Step 2
Why this answer is correct
The correct answer is A. क्योंकि यह बंद अर्थव्यवस्था मानता है / Because it assumes a closed economy. The two-sector model is based on the assumption of a closed economy. Therefore imports and exports are not included.
Step 3
Exam Tip
दो-क्षेत्रीय मॉडल बंद अर्थव्यवस्था की मान्यता पर आधारित होता है। इसलिए आयात और निर्यात शामिल नहीं होते।
Labour service is a factor service and its physical exchange comes under real flow. The money payment is a separate flow.
Step 2
Why this answer is correct
The correct answer is C. वास्तविक प्रवाह / Real flow. Labour service is a factor service and its physical exchange comes under real flow. The money payment is a separate flow.
Step 3
Exam Tip
श्रम सेवा एक कारक सेवा है और इसका भौतिक आदान-प्रदान वास्तविक प्रवाह में आता है। मुद्रा भुगतान अलग प्रवाह होता है।
D. कारक स्वामी और उपभोक्ता/Factor owners and consumers
Step 1
Concept
Households provide factor services and consume goods. Therefore they have two main roles.
Step 2
Why this answer is correct
The correct answer is D. कारक स्वामी और उपभोक्ता / Factor owners and consumers. Households provide factor services and consume goods. Therefore they have two main roles.
Step 3
Exam Tip
परिवार कारक सेवाएं देते हैं और वस्तुओं का उपभोग करते हैं। इसलिए उनकी दो मुख्य भूमिकाएं होती हैं।
A. उत्पादक और कारक खरीदार/Producers and factor buyers
Step 1
Concept
Firms buy factor services and produce goods. This is their main role in the two-sector model.
Step 2
Why this answer is correct
The correct answer is A. उत्पादक और कारक खरीदार / Producers and factor buyers. Firms buy factor services and produce goods. This is their main role in the two-sector model.
Step 3
Exam Tip
फर्म कारक सेवाएं खरीदती हैं और वस्तुओं का उत्पादन करती हैं। यही दो-क्षेत्रीय मॉडल में उनकी मुख्य भूमिका है।
A. मजदूरी किराया ब्याज और लाभ/Wages rent interest and profit
Step 1
Concept
Households receive wages rent interest and profit for factor services. These are all factor incomes.
Step 2
Why this answer is correct
The correct answer is A. मजदूरी किराया ब्याज और लाभ / Wages rent interest and profit. Households receive wages rent interest and profit for factor services. These are all factor incomes.
Step 3
Exam Tip
परिवारों को कारक सेवाओं के बदले मजदूरी किराया ब्याज और लाभ मिलते हैं। ये सभी कारक आय हैं।
B. क्योंकि आय परिवारों और फर्मों के बीच लगातार घूमती रहती है/Because income keeps moving between households and firms
Step 1
Concept
Income continuously moves between households and firms. Therefore it is called circular flow.
Step 2
Why this answer is correct
The correct answer is B. क्योंकि आय परिवारों और फर्मों के बीच लगातार घूमती रहती है / Because income keeps moving between households and firms. Income continuously moves between households and firms. Therefore it is called circular flow.
Step 3
Exam Tip
आय परिवारों और फर्मों के बीच लगातार आती-जाती रहती है। इसलिए इसे चक्रीय प्रवाह कहा जाता है।
C. पूरी आय उपभोग पर खर्च होती है/All income is spent on consumption
Step 1
Concept
In the simple two-sector model without saving all income becomes consumption expenditure. Firms receive the whole income back.
Step 2
Why this answer is correct
The correct answer is C. पूरी आय उपभोग पर खर्च होती है / All income is spent on consumption. In the simple two-sector model without saving all income becomes consumption expenditure. Firms receive the whole income back.
Step 3
Exam Tip
सरल दो-क्षेत्रीय मॉडल में बिना बचत के पूरी आय उपभोग व्यय बन जाती है। इससे फर्मों को पूरी आय वापस मिलती है।
D. सरकार और विदेश क्षेत्र अनुपस्थित होते हैं/Government and foreign sectors are absent
Step 1
Concept
The simple two-sector model assumes only households and firms. Therefore government and foreign sectors are excluded.
Step 2
Why this answer is correct
The correct answer is D. सरकार और विदेश क्षेत्र अनुपस्थित होते हैं / Government and foreign sectors are absent. The simple two-sector model assumes only households and firms. Therefore government and foreign sectors are excluded.
Step 3
Exam Tip
सरल दो-क्षेत्रीय मॉडल में केवल परिवार और फर्म माने जाते हैं। इसलिए सरकार और विदेश क्षेत्र को बाहर रखा जाता है।
Firms pay factor income to households in return for factor services. Identify this carefully in the income flow.
Step 2
Why this answer is correct
The correct answer is A. फर्मों से परिवारों को / Firms to households. Firms pay factor income to households in return for factor services. Identify this carefully in the income flow.
Step 3
Exam Tip
फर्म कारक सेवाओं के बदले परिवारों को कारक आय देती हैं। इसे आय प्रवाह में ध्यान से पहचानें।
Households pay firms for buying goods and services. This is consumption expenditure.
Step 2
Why this answer is correct
The correct answer is B. परिवारों से फर्मों को / Households to firms. Households pay firms for buying goods and services. This is consumption expenditure.
Step 3
Exam Tip
परिवार वस्तुओं और सेवाओं की खरीद पर फर्मों को भुगतान करते हैं। यही उपभोग व्यय है।
C. दोनों विपरीत दिशाओं में चलते हैं/Both move in opposite directions
Step 1
Concept
Real flow and money flow move in opposite directions. This is useful in diagram based questions.
Step 2
Why this answer is correct
The correct answer is C. दोनों विपरीत दिशाओं में चलते हैं / Both move in opposite directions. Real flow and money flow move in opposite directions. This is useful in diagram based questions.
Step 3
Exam Tip
वास्तविक प्रवाह और मौद्रिक प्रवाह एक-दूसरे के विपरीत दिशा में चलते हैं। यह चित्र आधारित प्रश्नों में उपयोगी है।
A. आयात और निर्यात नहीं होते/Imports and exports do not occur
Step 1
Concept
In a closed economy transactions with the foreign sector are not considered. Therefore imports and exports are absent.
Step 2
Why this answer is correct
The correct answer is A. आयात और निर्यात नहीं होते / Imports and exports do not occur. In a closed economy transactions with the foreign sector are not considered. Therefore imports and exports are absent.
Step 3
Exam Tip
बंद अर्थव्यवस्था में विदेशी क्षेत्र से लेन-देन नहीं माना जाता। इसलिए आयात और निर्यात अनुपस्थित होते हैं।
A. परिवारों का उपभोग व्यय/Household consumption expenditure
Step 1
Concept
When households buy goods their expenditure becomes firms receipts. This keeps the flow moving.
Step 2
Why this answer is correct
The correct answer is A. परिवारों का उपभोग व्यय / Household consumption expenditure. When households buy goods their expenditure becomes firms receipts. This keeps the flow moving.
Step 3
Exam Tip
परिवार जब वस्तुएं खरीदते हैं तो उनका व्यय फर्मों की प्राप्ति बनता है। यह चक्र को जारी रखता है।
B. फर्मों से कारक भुगतान/Factor payments from firms
Step 1
Concept
Household income comes from factor payments made by firms. It can be seen as a starting point of income flow.
Step 2
Why this answer is correct
The correct answer is B. फर्मों से कारक भुगतान / Factor payments from firms. Household income comes from factor payments made by firms. It can be seen as a starting point of income flow.
Step 3
Exam Tip
परिवारों की आय फर्मों द्वारा किए गए कारक भुगतान से आती है। इसे आय प्रवाह का आरंभिक बिंदु समझ सकते हैं।
C. परिवार और फर्म मुख्य क्षेत्र होते हैं/Households and firms are the main sectors
Step 1
Concept
In the two-sector model households and firms are the main sectors. Other sectors are removed for simplicity.
Step 2
Why this answer is correct
The correct answer is C. परिवार और फर्म मुख्य क्षेत्र होते हैं / Households and firms are the main sectors. In the two-sector model households and firms are the main sectors. Other sectors are removed for simplicity.
Step 3
Exam Tip
दो-क्षेत्रीय मॉडल में परिवार और फर्म ही मुख्य क्षेत्र होते हैं। अन्य क्षेत्रों को सरलता के लिए हटाया जाता है।
Households pay consumption expenditure to firms for goods and services. It becomes sales revenue for firms.
Step 2
Why this answer is correct
The correct answer is D. उपभोग व्यय / Consumption expenditure. Households pay consumption expenditure to firms for goods and services. It becomes sales revenue for firms.
Step 3
Exam Tip
परिवार वस्तुओं और सेवाओं के लिए फर्मों को उपभोग व्यय देते हैं। यह फर्मों की बिक्री आय बनता है।
Profit is factor income received for enterprise service. Remember it along with wages rent and interest.
Step 2
Why this answer is correct
The correct answer is B. कारक आय / Factor income. Profit is factor income received for enterprise service. Remember it along with wages rent and interest.
Step 3
Exam Tip
लाभ उद्यम की सेवा के बदले मिलने वाली कारक आय है। इसे मजदूरी किराया और ब्याज के साथ याद रखें।
Firms sell goods and services to households. Therefore households are the final buyers in the product market.
Step 2
Why this answer is correct
The correct answer is B. परिवार / Households. Firms sell goods and services to households. Therefore households are the final buyers in the product market.
Step 3
Exam Tip
फर्म वस्तुएं और सेवाएं परिवारों को बेचती हैं। इसलिए उत्पाद बाजार का अंतिम खरीदार परिवार होता है।
A. क्योंकि वास्तविक प्रवाह वस्तुओं और सेवाओं का प्रवाह है/Because real flow is the flow of goods and services
Step 1
Concept
Real flow shows physical goods services and factor services. Money payments come under money flow.
Step 2
Why this answer is correct
The correct answer is A. क्योंकि वास्तविक प्रवाह वस्तुओं और सेवाओं का प्रवाह है / Because real flow is the flow of goods and services. Real flow shows physical goods services and factor services. Money payments come under money flow.
Step 3
Exam Tip
वास्तविक प्रवाह भौतिक वस्तुओं सेवाओं और कारक सेवाओं को दिखाता है। मुद्रा भुगतान मौद्रिक प्रवाह में आता है।
Firms receive factor services from households for production. Households are factor owners in this model.
Step 2
Why this answer is correct
The correct answer is B. परिवारों से / From households. Firms receive factor services from households for production. Households are factor owners in this model.
Step 3
Exam Tip
फर्मों को उत्पादन के लिए कारक सेवाएं परिवारों से मिलती हैं। परिवार इस मॉडल में कारक स्वामी होते हैं।
Firms receive consumption expenditure for selling goods and services. It is money flow from households to firms.
Step 2
Why this answer is correct
The correct answer is A. उपभोग व्यय / Consumption expenditure. Firms receive consumption expenditure for selling goods and services. It is money flow from households to firms.
Step 3
Exam Tip
फर्मों को वस्तुओं और सेवाओं की बिक्री के बदले उपभोग व्यय मिलता है। यह परिवारों से फर्मों की ओर धन प्रवाह है।
A. क्योंकि इसमें केवल परिवार और फर्म शामिल होते हैं/Because it includes only households and firms
Step 1
Concept
The two-sector model includes only households and firms. Therefore it is the simplest flow model of national income.
Step 2
Why this answer is correct
The correct answer is A. क्योंकि इसमें केवल परिवार और फर्म शामिल होते हैं / Because it includes only households and firms. The two-sector model includes only households and firms. Therefore it is the simplest flow model of national income.
Step 3
Exam Tip
दो-क्षेत्रीय मॉडल में केवल परिवार और फर्म को शामिल किया जाता है। इसलिए यह राष्ट्रीय आय का सबसे सरल प्रवाह मॉडल है।
In the two-sector model income moves between households and firms. Treat it as the base of a simple closed economy.
Step 2
Why this answer is correct
The correct answer is A. परिवार और फर्म / Households and firms. In the two-sector model income moves between households and firms. Treat it as the base of a simple closed economy.
Step 3
Exam Tip
दो-क्षेत्रीय मॉडल में आय परिवारों और फर्मों के बीच घूमती है। इसे सरल बंद अर्थव्यवस्था का आधार मानें।
Households use their income to buy goods and services produced by firms. This is connected with the product market.
Step 2
Why this answer is correct
The correct answer is B. वस्तुएं और सेवाएं / Goods and services. Households use their income to buy goods and services produced by firms. This is connected with the product market.
Step 3
Exam Tip
परिवार अपनी आय से फर्मों द्वारा बनाई गई वस्तुएं और सेवाएं खरीदते हैं। यह उत्पाद बाजार से जुड़ा होता है।
Firms pay factor income to households in return for factor services. It includes wages rent interest and profit.
Step 2
Why this answer is correct
The correct answer is B. कारक आय / Factor income. Firms pay factor income to households in return for factor services. It includes wages rent interest and profit.
Step 3
Exam Tip
फर्म परिवारों को कारक सेवाओं के बदले कारक आय देती हैं। इसमें मजदूरी किराया ब्याज और लाभ आते हैं।
Households pay consumption expenditure to firms to buy goods and services. It becomes sales revenue for firms.
Step 2
Why this answer is correct
The correct answer is C. उपभोग व्यय / Consumption expenditure. Households pay consumption expenditure to firms to buy goods and services. It becomes sales revenue for firms.
Step 3
Exam Tip
परिवार वस्तुएं और सेवाएं खरीदने के लिए फर्मों को उपभोग व्यय देते हैं। यह फर्मों की बिक्री आय बनता है।
D. वास्तविक प्रवाह के विपरीत/Opposite to real flow
Step 1
Concept
Money flow moves opposite to real flow. It shows payment of income and expenditure.
Step 2
Why this answer is correct
The correct answer is D. वास्तविक प्रवाह के विपरीत / Opposite to real flow. Money flow moves opposite to real flow. It shows payment of income and expenditure.
Step 3
Exam Tip
मुद्रा प्रवाह वास्तविक प्रवाह के विपरीत दिशा में चलता है। यह आय और व्यय के भुगतान को दिखाता है।
A. परिवारों से फर्मों को श्रम सेवा/Labour service from households to firms
Step 1
Concept
Labour service is a factor service and its movement is real flow. Money payment is not real flow.
Step 2
Why this answer is correct
The correct answer is A. परिवारों से फर्मों को श्रम सेवा / Labour service from households to firms. Labour service is a factor service and its movement is real flow. Money payment is not real flow.
Step 3
Exam Tip
श्रम सेवा कारक सेवा है और इसका प्रवाह वास्तविक प्रवाह है। मुद्रा भुगतान वास्तविक प्रवाह नहीं होता।
B. फर्मों से परिवारों को मजदूरी/Wages from firms to households
Step 1
Concept
Wages are payments made in money form. Therefore it is an example of money flow.
Step 2
Why this answer is correct
The correct answer is B. फर्मों से परिवारों को मजदूरी / Wages from firms to households. Wages are payments made in money form. Therefore it is an example of money flow.
Step 3
Exam Tip
मजदूरी मुद्रा के रूप में दिया गया भुगतान है। इसलिए यह मौद्रिक प्रवाह का उदाहरण है।
Foreign trade is not considered in a closed economy. Therefore export is not included in the two-sector closed model.
Step 2
Why this answer is correct
The correct answer is C. निर्यात / Export. Foreign trade is not considered in a closed economy. Therefore export is not included in the two-sector closed model.
Step 3
Exam Tip
बंद अर्थव्यवस्था में विदेशी व्यापार नहीं माना जाता। इसलिए निर्यात दो-क्षेत्रीय बंद मॉडल में शामिल नहीं होता।
D. क्योंकि सरकार शामिल नहीं होती/Because government is not included
Step 1
Concept
Government is excluded in the two-sector model. Therefore taxes and government expenditure are not shown.
Step 2
Why this answer is correct
The correct answer is D. क्योंकि सरकार शामिल नहीं होती / Because government is not included. Government is excluded in the two-sector model. Therefore taxes and government expenditure are not shown.
Step 3
Exam Tip
दो-क्षेत्रीय मॉडल में सरकार को बाहर रखा जाता है। इसलिए कर और सरकारी व्यय नहीं दिखाए जाते।
A. परिवारों का उपभोग व्यय/Consumption expenditure of households
Step 1
Concept
When households buy goods and services firms receive sales revenue. This payment is called consumption expenditure.
Step 2
Why this answer is correct
The correct answer is A. परिवारों का उपभोग व्यय / Consumption expenditure of households. When households buy goods and services firms receive sales revenue. This payment is called consumption expenditure.
Step 3
Exam Tip
परिवार जब वस्तुएं और सेवाएं खरीदते हैं तो फर्मों को बिक्री आय मिलती है। इस भुगतान को उपभोग व्यय कहा जाता है।
Firms produce goods and services to satisfy household demand. This is linked to the product market.
Step 2
Why this answer is correct
The correct answer is B. परिवारों की मांग / Demand of households. Firms produce goods and services to satisfy household demand. This is linked to the product market.
Step 3
Exam Tip
फर्म परिवारों की मांग पूरी करने के लिए वस्तुएं और सेवाएं बनाती हैं। यह उत्पाद बाजार से जुड़ा है।
Firms need factor services such as land labour capital and enterprise for production. These are received from households.
Step 2
Why this answer is correct
The correct answer is C. कारक सेवाएं / Factor services. Firms need factor services such as land labour capital and enterprise for production. These are received from households.
Step 3
Exam Tip
फर्मों को उत्पादन के लिए भूमि श्रम पूंजी और उद्यम जैसी कारक सेवाएं चाहिए। ये परिवारों से मिलती हैं।
In the simple model household income is spent on consumption of goods and services. This keeps the income flow continuing.
Step 2
Why this answer is correct
The correct answer is D. उपभोग / Consumption. In the simple model household income is spent on consumption of goods and services. This keeps the income flow continuing.
Step 3
Exam Tip
सरल मॉडल में परिवारों की आय वस्तुओं और सेवाओं के उपभोग में खर्च होती है। इससे आय चक्र जारी रहता है।
A. आय फर्मों को वापस चली जाती है/Income returns to firms
Step 1
Concept
When households spend all income it becomes firms receipts. This completes the simple flow.
Step 2
Why this answer is correct
The correct answer is A. आय फर्मों को वापस चली जाती है / Income returns to firms. When households spend all income it becomes firms receipts. This completes the simple flow.
Step 3
Exam Tip
जब परिवार पूरी आय खर्च करते हैं तो वह फर्मों की प्राप्ति बन जाती है। इससे सरल चक्र पूरा होता है।
D. आय प्रवाह संतुलित रह सकता है/Income flow can remain balanced
Step 1
Concept
When saving and investment are equal leakage and injection are balanced. This can keep income flow stable.
Step 2
Why this answer is correct
The correct answer is D. आय प्रवाह संतुलित रह सकता है / Income flow can remain balanced. When saving and investment are equal leakage and injection are balanced. This can keep income flow stable.
Step 3
Exam Tip
जब बचत और निवेश बराबर होते हैं तो रिसाव और इंजेक्शन संतुलित हो जाते हैं। इससे आय प्रवाह स्थिर रह सकता है।
Household saving can go to the financial market. Firms can receive funds from there for investment.
Step 2
Why this answer is correct
The correct answer is A. वित्तीय बाजार / Financial market. Household saving can go to the financial market. Firms can receive funds from there for investment.
Step 3
Exam Tip
परिवारों की बचत वित्तीय बाजार में जा सकती है। वहीं से फर्म निवेश के लिए धन प्राप्त कर सकती हैं।
Firms can receive funds for investment from the financial market. It connects saving with investment.
Step 2
Why this answer is correct
The correct answer is B. वित्तीय बाजार / Financial market. Firms can receive funds for investment from the financial market. It connects saving with investment.
Step 3
Exam Tip
फर्म वित्तीय बाजार से निवेश के लिए धन प्राप्त कर सकती हैं। यह बचत को निवेश से जोड़ता है।
C. विदेशी क्षेत्र से लेन-देन नहीं होता/There are no transactions with foreign sector
Step 1
Concept
A closed economy assumes no transactions with the foreign sector. Therefore both imports and exports are absent.
Step 2
Why this answer is correct
The correct answer is C. विदेशी क्षेत्र से लेन-देन नहीं होता / There are no transactions with foreign sector. A closed economy assumes no transactions with the foreign sector. Therefore both imports and exports are absent.
Step 3
Exam Tip
बंद अर्थव्यवस्था में विदेशी क्षेत्र से कोई लेन-देन नहीं माना जाता। इसलिए आयात और निर्यात दोनों अनुपस्थित होते हैं।
D. मजदूरी किराया ब्याज और लाभ/Wages rent interest and profit
Step 1
Concept
Wages rent interest and profit are factor incomes. They are received in return for factor services.
Step 2
Why this answer is correct
The correct answer is D. मजदूरी किराया ब्याज और लाभ / Wages rent interest and profit. Wages rent interest and profit are factor incomes. They are received in return for factor services.
Step 3
Exam Tip
मजदूरी किराया ब्याज और लाभ कारक आय हैं। ये कारक सेवाओं के बदले मिलते हैं।
Factor payments made by firms become income of households. This is an important link in the income flow.
Step 2
Why this answer is correct
The correct answer is B. परिवारों की / Households. Factor payments made by firms become income of households. This is an important link in the income flow.
Step 3
Exam Tip
फर्मों द्वारा दिए गए कारक भुगतान परिवारों की आय बनते हैं। यह आय प्रवाह की महत्वपूर्ण कड़ी है।
A rise in consumption demand can increase sales of firms. This is a direct effect linked to the product market.
Step 2
Why this answer is correct
The correct answer is C. फर्मों की बिक्री / Sales of firms. A rise in consumption demand can increase sales of firms. This is a direct effect linked to the product market.
Step 3
Exam Tip
उपभोग मांग बढ़ने से फर्मों की बिक्री बढ़ सकती है। यह उत्पाद बाजार से जुड़ा सीधा प्रभाव है।
For more production firms need more factor services. Therefore demand rises in the factor market.
Step 2
Why this answer is correct
The correct answer is D. कारक सेवाओं की / Factor services. For more production firms need more factor services. Therefore demand rises in the factor market.
Step 3
Exam Tip
अधिक उत्पादन के लिए फर्मों को अधिक कारक सेवाओं की जरूरत होती है। इसलिए कारक बाजार में मांग बढ़ती है।
A. क्योंकि वे वस्तुएं और सेवाएं खरीदते हैं/Because they buy goods and services
Step 1
Concept
Households consume goods and services using their income. Therefore they are called consumers.
Step 2
Why this answer is correct
The correct answer is A. क्योंकि वे वस्तुएं और सेवाएं खरीदते हैं / Because they buy goods and services. Households consume goods and services using their income. Therefore they are called consumers.
Step 3
Exam Tip
परिवार अपनी आय से वस्तुओं और सेवाओं का उपभोग करते हैं। इसलिए उन्हें उपभोक्ता कहा जाता है।
A. क्योंकि वे वस्तुएं और सेवाएं बनाती हैं/Because they produce goods and services
Step 1
Concept
Firms use factor services to produce goods and services. Therefore they are producing units.
Step 2
Why this answer is correct
The correct answer is A. क्योंकि वे वस्तुएं और सेवाएं बनाती हैं / Because they produce goods and services. Firms use factor services to produce goods and services. Therefore they are producing units.
Step 3
Exam Tip
फर्म कारक सेवाओं का उपयोग करके वस्तुएं और सेवाएं बनाती हैं। इसलिए वे उत्पादक इकाइयां हैं।
B. श्रम परिवार से फर्म को जाता है/Labour goes from household to firm
Step 1
Concept
Households provide factor services such as labour to firms. This is a part of real flow.
Step 2
Why this answer is correct
The correct answer is B. श्रम परिवार से फर्म को जाता है / Labour goes from household to firm. Households provide factor services such as labour to firms. This is a part of real flow.
Step 3
Exam Tip
परिवार श्रम जैसी कारक सेवाएं फर्मों को देते हैं। यह वास्तविक प्रवाह का भाग है।
Government is not included in the two-sector model. Therefore tax collection by government is not a part of this model.
Step 2
Why this answer is correct
The correct answer is C. सरकार कर वसूलती है / Government collects taxes. Government is not included in the two-sector model. Therefore tax collection by government is not a part of this model.
Step 3
Exam Tip
दो-क्षेत्रीय मॉडल में सरकार शामिल नहीं होती। इसलिए सरकार द्वारा कर वसूली इस मॉडल का भाग नहीं है।
A. कारक सेवाओं की आपूर्ति/Supply of factor services
Step 1
Concept
Households earn income by supplying factor services. Therefore supply of factor services is the base of their earnings.
Step 2
Why this answer is correct
The correct answer is A. कारक सेवाओं की आपूर्ति / Supply of factor services. Households earn income by supplying factor services. Therefore supply of factor services is the base of their earnings.
Step 3
Exam Tip
परिवार कारक सेवाएं देकर आय प्राप्त करते हैं। इसलिए उनकी कमाई का आधार कारक सेवाओं की आपूर्ति है।
Firms produce goods and services and sell them to households. This is a part of real flow.
Step 2
Why this answer is correct
The correct answer is B. फर्म से परिवार / Firms to households. Firms produce goods and services and sell them to households. This is a part of real flow.
Step 3
Exam Tip
फर्म वस्तुओं और सेवाओं का उत्पादन करके परिवारों को बेचती हैं। यह वास्तविक प्रवाह का भाग है।
D. परिवार और फर्म की भूमिका/Roles of households and firms
Step 1
Concept
Only households and firms are the main sectors in this model. Therefore identifying their roles first is useful.
Step 2
Why this answer is correct
The correct answer is D. परिवार और फर्म की भूमिका / Roles of households and firms. Only households and firms are the main sectors in this model. Therefore identifying their roles first is useful.
Step 3
Exam Tip
इस मॉडल में केवल परिवार और फर्म मुख्य क्षेत्र होते हैं। इसलिए पहले उनकी भूमिका पहचानना उपयोगी है।
A. आय और व्यय का चक्रीय संबंध/Circular relation of income and expenditure
Step 1
Concept
Income and expenditure are connected with each other. This circular relation helps in understanding national income.
Step 2
Why this answer is correct
The correct answer is A. आय और व्यय का चक्रीय संबंध / Circular relation of income and expenditure. Income and expenditure are connected with each other. This circular relation helps in understanding national income.
Step 3
Exam Tip
आय और व्यय एक-दूसरे से जुड़े होते हैं। यही चक्रीय संबंध राष्ट्रीय आय समझने में मदद करता है।
Wage payment is made in money so it is money flow. Real flow includes goods services and factor services.
Step 2
Why this answer is correct
The correct answer is D. मजदूरी भुगतान / Wage payment. Wage payment is made in money so it is money flow. Real flow includes goods services and factor services.
Step 3
Exam Tip
मजदूरी भुगतान मुद्रा में होता है इसलिए यह मौद्रिक प्रवाह है। वास्तविक प्रवाह में वस्तुएं सेवाएं और कारक सेवाएं आती हैं।
Consumption expenditure goes from households to firms in money form. Therefore it is money flow.
Step 2
Why this answer is correct
The correct answer is A. उपभोग व्यय / Consumption expenditure. Consumption expenditure goes from households to firms in money form. Therefore it is money flow.
Step 3
Exam Tip
उपभोग व्यय परिवारों से फर्मों को मुद्रा में जाता है। इसलिए यह मौद्रिक प्रवाह है।
With no saving households spend their whole income on consumption. In exams treat this as an assumption of the simple circular flow.
Step 2
Why this answer is correct
The correct answer is C. उपभोग व्यय / Consumption expenditure. With no saving households spend their whole income on consumption. In exams treat this as an assumption of the simple circular flow.
Step 3
Exam Tip
बचत न होने पर परिवार अपनी पूरी आय उपभोग पर खर्च करते हैं। परीक्षा में इसे सरल आय चक्र की मान्यता समझें।
Firms use factor services received from households in production. In exams remember factor services move from households to firms.
Step 2
Why this answer is correct
The correct answer is A. फर्मों के उत्पादन में / Production of firms. Firms use factor services received from households in production. In exams remember factor services move from households to firms.
Step 3
Exam Tip
फर्म परिवारों से मिली कारक सेवाओं का उपयोग उत्पादन में करती हैं। परीक्षा में कारक सेवा को परिवार से फर्म की ओर याद रखें।
Factor payment becomes income of households. It includes wages rent interest and profit.
Step 2
Why this answer is correct
The correct answer is B. परिवारों की आय / Income of households. Factor payment becomes income of households. It includes wages rent interest and profit.
Step 3
Exam Tip
कारक भुगतान परिवारों की आय बनता है। इसमें मजदूरी किराया ब्याज और लाभ शामिल होते हैं।
Supply of land service is real flow because it is a factor service. Payment made in money is called money flow.
Step 2
Why this answer is correct
The correct answer is D. भूमि सेवा की आपूर्ति / Supply of land service. Supply of land service is real flow because it is a factor service. Payment made in money is called money flow.
Step 3
Exam Tip
भूमि सेवा की आपूर्ति वास्तविक प्रवाह है क्योंकि यह कारक सेवा है। मुद्रा में किया गया भुगतान मौद्रिक प्रवाह कहलाता है।
C. क्योंकि परिवार फर्मों की वस्तुएं खरीदते हैं/Because households buy goods from firms
Step 1
Concept
Households pay firms when they buy goods and services. This payment becomes sales revenue of firms.
Step 2
Why this answer is correct
The correct answer is C. क्योंकि परिवार फर्मों की वस्तुएं खरीदते हैं / Because households buy goods from firms. Households pay firms when they buy goods and services. This payment becomes sales revenue of firms.
Step 3
Exam Tip
परिवार वस्तुएं और सेवाएं खरीदने पर फर्मों को भुगतान करते हैं। यही भुगतान फर्मों की बिक्री आय बनता है।
B. क्योंकि वे भूमि श्रम पूंजी और उद्यम देते हैं/Because they provide land labour capital and enterprise
Step 1
Concept
Households provide the services of factors of production to firms. Therefore they are called factor owners.
Step 2
Why this answer is correct
The correct answer is B. क्योंकि वे भूमि श्रम पूंजी और उद्यम देते हैं / Because they provide land labour capital and enterprise. Households provide the services of factors of production to firms. Therefore they are called factor owners.
Step 3
Exam Tip
परिवार उत्पादन के कारकों की सेवाएं फर्मों को देते हैं। इसलिए उन्हें कारक स्वामी कहा जाता है।
A. क्योंकि वे वस्तुएं और सेवाएं बनाती हैं/Because they produce goods and services
Step 1
Concept
Firms produce by using factor services. In exams remember firms as producers and households as consumers.
Step 2
Why this answer is correct
The correct answer is A. क्योंकि वे वस्तुएं और सेवाएं बनाती हैं / Because they produce goods and services. Firms produce by using factor services. In exams remember firms as producers and households as consumers.
Step 3
Exam Tip
फर्म कारक सेवाओं का उपयोग करके उत्पादन करती हैं। परीक्षा में फर्म को उत्पादक और परिवार को उपभोक्ता याद रखें।
A. क्योंकि विदेशी क्षेत्र अनुपस्थित होता है/Because the foreign sector is absent
Step 1
Concept
A closed economy does not consider transactions with the foreign sector. Therefore imports and exports are excluded.
Step 2
Why this answer is correct
The correct answer is A. क्योंकि विदेशी क्षेत्र अनुपस्थित होता है / Because the foreign sector is absent. A closed economy does not consider transactions with the foreign sector. Therefore imports and exports are excluded.
Step 3
Exam Tip
बंद अर्थव्यवस्था में विदेशी क्षेत्र से लेन-देन नहीं माना जाता। इसलिए आयात और निर्यात बाहर रखे जाते हैं।
B. क्योंकि सरकार इस मॉडल में शामिल नहीं होती/Because government is not included in this model
Step 1
Concept
The two-sector model includes only households and firms. Therefore government expenditure and taxes are not shown.
Step 2
Why this answer is correct
The correct answer is B. क्योंकि सरकार इस मॉडल में शामिल नहीं होती / Because government is not included in this model. The two-sector model includes only households and firms. Therefore government expenditure and taxes are not shown.
Step 3
Exam Tip
दो-क्षेत्रीय मॉडल में केवल परिवार और फर्म लिए जाते हैं। इसलिए सरकारी व्यय और कर नहीं दिखाए जाते।
A. कारक सेवाओं की खरीदार/Buyers of factor services
Step 1
Concept
Firms buy factor services for production. This is the simple rule of the factor market.
Step 2
Why this answer is correct
The correct answer is A. कारक सेवाओं की खरीदार / Buyers of factor services. Firms buy factor services for production. This is the simple rule of the factor market.
Step 3
Exam Tip
फर्म उत्पादन के लिए कारक सेवाएं खरीदती हैं। यह कारक बाजार का सरल नियम है।
A. परिवारों के उपभोग व्यय से/From household consumption expenditure
Step 1
Concept
Households pay firms while buying goods. This payment becomes sales revenue of firms.
Step 2
Why this answer is correct
The correct answer is A. परिवारों के उपभोग व्यय से / From household consumption expenditure. Households pay firms while buying goods. This payment becomes sales revenue of firms.
Step 3
Exam Tip
परिवार वस्तुएं खरीदते समय फर्मों को भुगतान करते हैं। यही भुगतान फर्मों की बिक्री आय बनता है।
A. क्योंकि परिवार आय खर्च करते हैं और फर्म भुगतान करती हैं/Because households spend income and firms make payments
Step 1
Concept
Household spending becomes income of firms and firm payments become income of households. This relation keeps the flow continuing.
Step 2
Why this answer is correct
The correct answer is A. क्योंकि परिवार आय खर्च करते हैं और फर्म भुगतान करती हैं / Because households spend income and firms make payments. Household spending becomes income of firms and firm payments become income of households. This relation keeps the flow continuing.
Step 3
Exam Tip
परिवारों का खर्च फर्मों की आय बनता है और फर्मों का भुगतान परिवारों की आय बनता है। इस संबंध से चक्र जारी रहता है।
When demand for factor services rises factor payments may rise. This affects household factor income.
Step 2
Why this answer is correct
The correct answer is A. कारक आय / Factor income. When demand for factor services rises factor payments may rise. This affects household factor income.
Step 3
Exam Tip
कारक सेवाओं की मांग बढ़ने पर कारक भुगतान बढ़ सकते हैं। इससे परिवारों की कारक आय प्रभावित होती है।
Firms output satisfies consumption demand of households. Therefore households are the final buyers.
Step 2
Why this answer is correct
The correct answer is C. परिवारों के लिए / For households. Firms output satisfies consumption demand of households. Therefore households are the final buyers.
Step 3
Exam Tip
फर्मों का उत्पादन परिवारों की उपभोग मांग को पूरा करता है। इसलिए परिवार अंतिम खरीदार होते हैं।
Money flow shows income expenditure payments and receipts in money form. It moves opposite to real flow.
Step 2
Why this answer is correct
The correct answer is A. भुगतान और प्राप्ति / Payments and receipts. Money flow shows income expenditure payments and receipts in money form. It moves opposite to real flow.
Step 3
Exam Tip
मौद्रिक प्रवाह आय व्यय भुगतान और प्राप्ति को मुद्रा में दिखाता है। यह वास्तविक प्रवाह के उलट चलता है।
When saving is higher spending may fall. This creates pressure of lower demand in the income flow.
Step 2
Why this answer is correct
The correct answer is A. मांग घटने का दबाव / Pressure of falling demand. When saving is higher spending may fall. This creates pressure of lower demand in the income flow.
Step 3
Exam Tip
बचत अधिक होने पर खर्च कम हो सकता है। इससे आय चक्र में मांग घटने का दबाव बनता है।
Saving is leakage and investment is injection. When both are equal income flow can remain stable.
Step 2
Why this answer is correct
The correct answer is A. रिसाव और इंजेक्शन / Leakage and injection. Saving is leakage and investment is injection. When both are equal income flow can remain stable.
Step 3
Exam Tip
बचत रिसाव है और निवेश इंजेक्शन है। दोनों बराबर होने पर आय प्रवाह स्थिर रह सकता है।
Households buy goods and services from the product market. This shows their consumption demand.
Step 2
Why this answer is correct
The correct answer is B. उत्पाद बाजार / Product market. Households buy goods and services from the product market. This shows their consumption demand.
Step 3
Exam Tip
परिवार उत्पाद बाजार से वस्तुएं और सेवाएं खरीदते हैं। यह उनकी उपभोग मांग को दिखाता है।
Rent is received by households for land service. Therefore it is factor income of households.
Step 2
Why this answer is correct
The correct answer is A. परिवारों के लिए / For households. Rent is received by households for land service. Therefore it is factor income of households.
Step 3
Exam Tip
किराया परिवारों को भूमि सेवा के बदले मिलता है। इसलिए यह परिवारों की कारक आय है।
Government is not a part of the two-sector model. Therefore tax collection is not included in this model.
Step 2
Why this answer is correct
The correct answer is C. सरकार कर वसूलती है / Government collects taxes. Government is not a part of the two-sector model. Therefore tax collection is not included in this model.
Step 3
Exam Tip
सरकार दो-क्षेत्रीय मॉडल का भाग नहीं होती। इसलिए कर वसूली इस मॉडल में शामिल नहीं है।
A. वस्तुओं और सेवाओं की खरीद बिक्री/Buying and selling of goods and services
Step 1
Concept
The product market deals with buying and selling of goods and services. Firms are sellers and households are buyers here.
Step 2
Why this answer is correct
The correct answer is A. वस्तुओं और सेवाओं की खरीद बिक्री / Buying and selling of goods and services. The product market deals with buying and selling of goods and services. Firms are sellers and households are buyers here.
Step 3
Exam Tip
उत्पाद बाजार में वस्तुओं और सेवाओं की खरीद बिक्री होती है। यहां फर्म विक्रेता और परिवार खरीदार होते हैं।
B. उत्पादन कारकों की सेवाओं से/Services of factors of production
Step 1
Concept
The factor market deals with services of factors of production. Firms are buyers and households are sellers.
Step 2
Why this answer is correct
The correct answer is B. उत्पादन कारकों की सेवाओं से / Services of factors of production. The factor market deals with services of factors of production. Firms are buyers and households are sellers.
Step 3
Exam Tip
कारक बाजार में उत्पादन कारकों की सेवाओं का लेन-देन होता है। फर्म खरीदार और परिवार विक्रेता होते हैं।
A. परिवारों का व्यय फर्मों की आय बनता है/Household expenditure becomes firms income
Step 1
Concept
When households buy goods firms receive income. This is the money relation of the income flow.
Step 2
Why this answer is correct
The correct answer is A. परिवारों का व्यय फर्मों की आय बनता है / Household expenditure becomes firms income. When households buy goods firms receive income. This is the money relation of the income flow.
Step 3
Exam Tip
परिवार वस्तुएं खरीदते हैं तो फर्मों को आय मिलती है। यही आय चक्र का मौद्रिक संबंध है।
A. फर्मों का कारक भुगतान परिवारों की आय बनता है/Firms factor payment becomes household income
Step 1
Concept
Firms pay for factor services and the same becomes household income. This is money flow in the factor market.
Step 2
Why this answer is correct
The correct answer is A. फर्मों का कारक भुगतान परिवारों की आय बनता है / Firms factor payment becomes household income. Firms pay for factor services and the same becomes household income. This is money flow in the factor market.
Step 3
Exam Tip
फर्म कारक सेवाओं के लिए भुगतान करती हैं और वही परिवारों की आय बनता है। यह कारक बाजार का मौद्रिक प्रवाह है।
A. कारक सेवाएं और वस्तुएं/Factor services and goods
Step 1
Concept
Factor services and goods come under real flow. Wages and consumption expenditure are money flow.
Step 2
Why this answer is correct
The correct answer is A. कारक सेवाएं और वस्तुएं / Factor services and goods. Factor services and goods come under real flow. Wages and consumption expenditure are money flow.
Step 3
Exam Tip
कारक सेवाएं और वस्तुएं वास्तविक प्रवाह में आती हैं। मजदूरी और उपभोग व्यय मौद्रिक प्रवाह हैं।
B. मजदूरी और उपभोग व्यय/Wages and consumption expenditure
Step 1
Concept
Wages and consumption expenditure are payments in money. Therefore both are examples of money flow.
Step 2
Why this answer is correct
The correct answer is B. मजदूरी और उपभोग व्यय / Wages and consumption expenditure. Wages and consumption expenditure are payments in money. Therefore both are examples of money flow.
Step 3
Exam Tip
मजदूरी और उपभोग व्यय मुद्रा में भुगतान हैं। इसलिए दोनों मौद्रिक प्रवाह के उदाहरण हैं।
The simple two-sector model does not add the central bank as a separate sector. It mainly focuses on households and firms.
Step 2
Why this answer is correct
The correct answer is A. केंद्रीय बैंक / Central bank. The simple two-sector model does not add the central bank as a separate sector. It mainly focuses on households and firms.
Step 3
Exam Tip
सरल दो-क्षेत्रीय मॉडल में केंद्रीय बैंक को अलग क्षेत्र के रूप में नहीं जोड़ा जाता। इसमें मुख्य ध्यान परिवार और फर्म पर होता है।
A. उत्पादन आय और व्यय का संबंध/Relation of production income and expenditure
Step 1
Concept
The two-sector model explains the circular relation of production income and expenditure. This gives the basic understanding of national income.
Step 2
Why this answer is correct
The correct answer is A. उत्पादन आय और व्यय का संबंध / Relation of production income and expenditure. The two-sector model explains the circular relation of production income and expenditure. This gives the basic understanding of national income.
Step 3
Exam Tip
दो-क्षेत्रीय मॉडल उत्पादन आय और व्यय के चक्रीय संबंध को समझाता है। यही राष्ट्रीय आय की मूल समझ देता है।
A. फर्मों द्वारा कारक सेवाएं लेना/Firms taking factor services
Step 1
Concept
Firms start production by taking factor services. Therefore factor services are the base of production.
Step 2
Why this answer is correct
The correct answer is A. फर्मों द्वारा कारक सेवाएं लेना / Firms taking factor services. Firms start production by taking factor services. Therefore factor services are the base of production.
Step 3
Exam Tip
फर्म कारक सेवाएं लेकर उत्पादन शुरू करती हैं। इसलिए कारक सेवाएं उत्पादन का आधार हैं।
A. परिवारों द्वारा वस्तुओं और सेवाओं की मांग/Demand for goods and services by households
Step 1
Concept
Households demand goods and services to satisfy their needs. This shows the consumption process in the product market.
Step 2
Why this answer is correct
The correct answer is A. परिवारों द्वारा वस्तुओं और सेवाओं की मांग / Demand for goods and services by households. Households demand goods and services to satisfy their needs. This shows the consumption process in the product market.
Step 3
Exam Tip
परिवार अपनी जरूरत पूरी करने के लिए वस्तुओं और सेवाओं की मांग करते हैं। इससे उत्पाद बाजार में उपभोग प्रक्रिया दिखती है।
Factor services move in real form from households to firms. Firms make money payment in return.
Step 2
Why this answer is correct
The correct answer is A. कारक सेवाएं / Factor services. Factor services move in real form from households to firms. Firms make money payment in return.
Step 3
Exam Tip
परिवारों से फर्मों को कारक सेवाएं वास्तविक रूप में जाती हैं। इनके बदले फर्म मुद्रा में भुगतान करती हैं।
Firms produce and households consume. This is the main economic base of the two-sector model.
Step 2
Why this answer is correct
The correct answer is A. उत्पादन और उपभोग / Production and consumption. Firms produce and households consume. This is the main economic base of the two-sector model.
Step 3
Exam Tip
फर्म उत्पादन करती हैं और परिवार उपभोग करते हैं। यही दो-क्षेत्रीय मॉडल की मुख्य आर्थिक धुरी है।
A. परिवारों और फर्मों के बीच आय व्यय और उत्पादन का संबंध/Relation of income expenditure and production between households and firms
Step 1
Concept
This model explains real and money flows between households and firms in a simple way. In exams remember both diagram and direction.
Step 2
Why this answer is correct
The correct answer is A. परिवारों और फर्मों के बीच आय व्यय और उत्पादन का संबंध / Relation of income expenditure and production between households and firms. This model explains real and money flows between households and firms in a simple way. In exams remember both diagram and direction.
Step 3
Exam Tip
यह मॉडल परिवारों और फर्मों के बीच वास्तविक और मौद्रिक प्रवाह को सरल रूप में समझाता है। परीक्षा में चित्र और दिशा दोनों याद रखें।
