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

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In the circular flow of income, leakages include:

A. income and output

B. saving, taxes and imports

C. investment and exports

D. consumption and government spending

Answer: Option B

Solution (By JKSSB Mock Tests)

Leakages from the circular flow are saving, taxes and imports.

This question belongs to: Economy GK Economy Set 1

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Question #1

Make in India initiative was launched in which year?

A. 2012

B. 2016

C. 2018

D. 2014

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Correct Answer: Option D

Explanation:
Make in India was launched in September 2014 to promote manufacturing.

This question belongs to: Economy GK Economy Set 1

Question #2

Which of the following is NOT a component of the capital market?

A. Mutual funds

B. Call money market

C. Stock exchanges

D. Insurance companies

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Correct Answer: Option B

Explanation:
Call money market is a part of the money market (short-term). Capital market deals with long-term funds and includes stock exchanges, mutual funds and insurance companies.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'Tea Board of India' is headquartered in:

A. Kolkata

B. Mumbai

C. Chennai

D. Delhi

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Correct Answer: Option A

Explanation:
The Tea Board of India is headquartered in Kolkata.

This question belongs to: Economy GK Economy Set 1

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