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Circular Flow Of Income — Practice Quiz

ICSE · Class 12 · Economics

Try a 4-question quiz on Circular Flow Of Income for ICSE Class 12 Economics: tap an answer to check it and see why. 70 questions in the full chapter test.

70 questions33 flashcards4 formulas & key relations5 concepts

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Quick Quiz: Circular Flow Of Income

0/4

Tap an answer to check it instantly. No sign-up needed for these 4.

1

What is circular flow of income?

2

Which statement best describes a flow variable in economics?

3

Which of the following is a stock variable example?

4

Which of the following is a flow variable example?

70 Questions·
multiple choicemultiple correct

Sample Questions

1multiple choice
1 marks

Which income is the remuneration for human labour?

Show answer

Wage

Wage is the remuneration for human labour.

2multiple choice
1 marks

Which income is the remuneration for land?

Show answer

Rent

Rent is the remuneration for land.

3multiple choice
1 marks

Which income is the remuneration for capital?

Show answer

Interest

Interest is the remuneration for capital.

4multiple choice
1 marks

Which income is the remuneration for entrepreneurship?

Show answer

Profit

Profit is the remuneration for entrepreneurship.

+66 more questions on Circular Flow Of Income (ICSE Class 12 Economics)

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Frequently Asked Questions

What are the important topics in Circular Flow Of Income for ICSE Class 12 Economics?
Key topics in Circular Flow Of Income include Meaning of Circular Flow of Income, Stock and Flow, Kinds of Income and Phases of Circular Flow, Two-Sector Model and Real Flow. Study these first, then practise questions on each for the ICSE Class 12 board exam.
How many practice questions are there for Circular Flow Of Income?
There are 70 questions on Circular Flow Of Income. Try the 4-question sample quiz on this page first; each answer shows an explanation when you tap it.

Sources & Official References

Content is aligned to the official syllabus. Refer to the board website for the latest curriculum.

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