The 'withdrawal' from the circular flow in a three-sector economy includes: MCQ with Answer and Explanation

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The 'withdrawal' from the circular flow in a three-sector economy includes:

A. exports

B. investment

C. government expenditure

D. taxes and saving

Answer: Option D

Solution (By JKSSB Mock Tests)

In a three-sector economy, withdrawals include saving and taxes.

This question belongs to: Economy GK Economy Set 1

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Question #1

The 'net investment' is equal to gross investment minus:

A. taxes

B. depreciation

C. savings

D. consumption

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Correct Answer: Option B

Explanation:
Net investment = gross investment - depreciation.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'Goods and Services Tax' on beauty parlour services is:

A. 12%

B. 18%

C. 5%

D. 28%

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Correct Answer: Option B

Explanation:
Beauty parlour services attract 18% GST.

This question belongs to: Economy GK Economy Set 1

Question #3

Total utility is maximum when marginal utility is:

A. zero

B. negative

C. equal to average utility

D. maximum

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Correct Answer: Option A

Explanation:
Total utility reaches its maximum when marginal utility is zero; beyond this point, marginal utility becomes negative and total utility falls.

This question belongs to: Economy GK Economy Set 1

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