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।
