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. (B)</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. (B)</p> Signup and view all the answers

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