In the circular flow of income, injections include: MCQ with Answer and Explanation

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In the circular flow of income, injections include:

A. consumption and saving

B. wages and rent

C. investment, government expenditure and exports

D. saving, taxes and imports

Answer: Option C

Solution (By JKSSB Mock Tests)

Injections into the circular flow are investment, government expenditure and exports.

This question belongs to: Economy GK Economy Set 1

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Question #1

The 'IMF' publishes which report?

A. Global Competitiveness Report

B. World Development Report

C. World Economic Outlook

D. Human Development Report

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Correct Answer: Option C

Explanation:
IMF publishes World Economic Outlook.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'menu cost' of inflation refers to:

A. cost of food

B. cost to firms of changing prices frequently

C. cost of printing new currency

D. cost of borrowing

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Correct Answer: Option B

Explanation:
Menu cost is the cost firms incur in updating prices during inflation.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'bank rate' in India is currently aligned with:

A. repo rate

B. MSF rate

C. CRR

D. reverse repo rate

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Correct Answer: Option B

Explanation:
The bank rate is aligned with the MSF rate.

This question belongs to: Economy GK Economy Set 1

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