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Home Questions 9WN6RZYHW3
Target Exam

CUET

Subject

Economics

Chapter

Macro Economics: National Income Accounting

Question:

Given below are some statements. Read them carefully and choose the correct statement (s) from the given options.

Statement 1: Stocks are defined over a period of time. 

Statement 2: Flows are defined at a particular point of time.    

Options:

Only Statement 1 is correct.

Only Statement 2 is correct.

Both statements are correct.

None of the given statement is correct.

Correct Answer:

None of the given statement is correct.

Explanation:

The correct answer is option 4: None of the given statement is correct.

Statement 1: Stocks are defined over a period of time. This is incorrect.  Flows (NOT Stocks) are defined over a period of time.

Statement 2: Flows are defined at a particular point of time. This is incorrect. Stocks (NOT Flows) are defined at a particular point of time.

CUET Questions