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Economics Circular flow of income: two-sector model MCQ Questions for Class 12 Humanities

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Circular flow of income: two-sector model Practice Questions

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दो-क्षेत्रीय बंद अर्थव्यवस्था में कौन सी गतिविधि शामिल नहीं होती?

Which activity is not included in a two-sector closed economy?

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Correct Answer

C. निर्यातExport

Step 1

Concept

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।

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दो-क्षेत्रीय मॉडल में कर क्यों नहीं दिखाए जाते?

Why are taxes not shown in the two-sector model?

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Correct Answer

D. क्योंकि सरकार शामिल नहीं होतीBecause 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।

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दो-क्षेत्रीय मॉडल में फर्मों की बिक्री आय का मुख्य स्रोत क्या है?

What is the main source of sales revenue of firms in the two-sector model?

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Correct Answer

A. परिवारों का उपभोग व्ययConsumption 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।

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दो-क्षेत्रीय मॉडल में उत्पादन का उद्देश्य किसकी मांग पूरी करना है?

In the two-sector model production aims to satisfy whose demand?

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Correct Answer

B. परिवारों की मांगDemand of households

Step 1

Concept

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।

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दो-क्षेत्रीय आय चक्र में फर्मों को उत्पादन के लिए क्या चाहिए?

What do firms need for production in the two-sector circular flow?

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Correct Answer

C. कारक सेवाएंFactor services

Step 1

Concept

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।

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दो-क्षेत्रीय मॉडल में आय का अंतिम उपयोग सामान्यतः किसमें होता है?

In the two-sector model income is generally finally used for what?

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Correct Answer

D. उपभोगConsumption

Step 1

Concept

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।

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यदि परिवार सारी आय खर्च कर दें तो आय चक्र में क्या होता है?

If households spend all their income what happens in the circular flow?

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Correct Answer

A. आय फर्मों को वापस चली जाती हैIncome 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।

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दो-क्षेत्रीय मॉडल में बचत को सामान्यतः क्या माना जाता है?

In the two-sector model what is saving generally considered?

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Correct Answer

B. रिसावLeakage

Step 1

Concept

Saving is the amount withdrawn from the income flow. Therefore it is called leakage.

Step 2

Why this answer is correct

The correct answer is B. रिसाव / Leakage. Saving is the amount withdrawn from the income flow. Therefore it is called leakage.

Step 3

Exam Tip

बचत आय चक्र से निकली हुई राशि होती है। इसलिए इसे रिसाव कहा जाता है।

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दो-क्षेत्रीय मॉडल में निवेश को सामान्यतः क्या माना जाता है?

In the two-sector model what is investment generally considered?

Explanation opens after your attempt
Correct Answer

C. इंजेक्शनInjection

Step 1

Concept

Investment adds new demand to the income flow. Therefore it is called injection.

Step 2

Why this answer is correct

The correct answer is C. इंजेक्शन / Injection. Investment adds new demand to the income flow. Therefore it is called injection.

Step 3

Exam Tip

निवेश आय चक्र में नई मांग जोड़ता है। इसलिए इसे इंजेक्शन कहा जाता है।

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यदि बचत निवेश के बराबर हो तो दो-क्षेत्रीय आय चक्र पर क्या प्रभाव पड़ेगा?

If saving equals investment what will happen to the two-sector circular flow?

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Correct Answer

D. आय प्रवाह संतुलित रह सकता हैIncome 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।

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