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।
