Class 12 Economics Quiz

Unforeseen obsolescence of fixed capital assets during production is:

• Income loss

• Consumption of fixed capita

• Asset Loss

• Capital loss

Which of the following is a flow?

• Depreciation

• Wealth

• Capital

• Deposit in a bank

Flow of goods and services and factors of production across different sectors in a barter economy is known as.

• Monetary Flow

• Capital Flow

• Real Flow

• Circular Flow

If in an economy, the value of Net Factor Income from Abroad is₹200 crores and the value of Factor Income to Abroad is₹40 crores. Identify the value of Factor Income from Abroad.

• ₹200 crores

• ₹240 crores

• ₹160crores

• ₹180 crores

A car purchased by a household is a:

• semi ‐ durable consumer good

• single use capital good

• durable consumer good

• single use consumer good

Which of the following is a stock?

• Consumption of fixed capital

• Savings

• Capital

• Production

Goods purchased for the following purpose are final goods:

• For investment in firm

• For satisfaction of wants

• Both For satisfaction of wantsand For investment in firm

• For production purpose

Depreciation of fixed capital assets refers to:

• Foreseen obsolescence

• Normal wear and tear

• Normal wear & tear & foreseen obsolescence

• Unforeseen obsolescence

Identify, flow variable from the following:

• Bank balance of Mr. Mukesh as on 31 March, 2022

• Distance between Delhi and Amritsar

• Annual expenditure of a school

• Investments of Mr. Mohit as on 31 December, 2021

Which of the following is not a flow?

• Income

• Capital

• Depreciation

• Investment