Standard XII Economics Quiz
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Questions and Answers

According to the Assertion (A) and Reason (R), which option is correct?

  • Both Assertion (A) and Reason(R) are true and Reason(R) is not the correct explanation of Assertion (A). (correct)
  • Both Assertion (A) and Reason(R) are true and Reason(R) is the correct explanation of Assertion (A).
  • Assertion (A) is true but Reason(R) is false.
  • Assertion (A) is false but Reason(R) is true.

    • In the context of compensation to flood victims and national income, which option is correct?

  • Assertion (A) is true but Reason(R) is false. (correct)
  • Both Assertion (A) and Reason(R) are true and Reason(R) is not the correct explanation of Assertion (A).
  • Assertion (A) is false but Reason(R) is true.
  • Both Assertion (A) and Reason(R) are true and Reason(R) is the correct explanation of Assertion (A).

    • What is the relationship between domestic income and national income according to the Assertion (A) and Reason (R)?

  • Domestic income of a country has no relation to its National Income.
  • Domestic income of a country can be more than its National Income. (correct)
  • Domestic income of a country is always less than its National Income.
  • Domestic income of a country is equal to its National Income.

    • In the context of transfer income and national income, what is the correct statement?

    <p>Transfer income does not contribute to the current flow of goods and services.</p> Signup and view all the answers

    What is the correct relationship between compensation to flood victims and national income?

    <p>Compensation to flood victims is never included in national income.</p> Signup and view all the answers

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