Which of the following is a flow variable? MCQ with Answer and Explanation

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Which of the following is a flow variable?

A. Wealth

B. GDP

C. Money supply

D. Capital stock

Answer: Option B

Solution (By JKSSB Mock Tests)

GDP is measured over a period of time and is a flow variable.

This question belongs to: Economy GK Economy Set 1

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Question #1

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The 'occupational safety, health and working conditions code' was passed in which year?

A. 2020

B. 2021

C. 2019

D. 2022

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Correct Answer: Option A

Explanation:
The OSH Code was passed in 2020.

This question belongs to: Economy GK Economy Set 1

Question #2

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The 'International Bank for Reconstruction and Development' mainly provides:

A. short-term balance of payments support

B. grants only

C. military aid

D. loans to middle-income and creditworthy low-income countries

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Correct Answer: Option D

Explanation:
IBRD provides loans to middle-income and creditworthy low-income countries.

This question belongs to: Economy GK Economy Set 1

Question #3

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In the context of production theory, an isoquant represents:

A. Combinations of two inputs that produce the same level of output

B. Combinations of prices that maximise profit

C. Combinations of two goods that give the same utility

D. Combinations of income and consumption

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Correct Answer: Option A

Explanation:
An isoquant is a locus of points showing different combinations of two inputs that yield the same quantity of output.

This question belongs to: Economy GK Economy Set 1

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