Macro

National Income

Easy

(A) Stocks are defined over a period of time.

(B) Flows are defined over a period of time.

(D) Stocks are defined at a particular point of time.

(E) GVA at factor costs + Indirect Taxes – Subsidies = GVA at market prices

Identify the correct statement:

(A), (C) and (E) only

(B), (C) and (D) only

(B), (D) and (E) only

(C), (D) and (E) only

✅ Correct Option: 3

Key concepts: Stocks -> levels at a point -> time, Flows -> rates over a period -> time.

So, correct statements are: (B) Flows are defined -> over a period, (D) Stocks are defined -> at a point, (E) GVA -> formula is correct.

Thus, answer is: 3 -> (B), (D) and (E) only.

2025: 30 May Shift 1

Identify the flow variable from the following:

2026: 21 May Shift 1

What is the sum total of market value of final goods and services created within the geographical boundary of a country in a particular year?

2026: 21 May Shift 1

Match List-I with List-II

Choose the correct answer from the options given below:

2025: 29 May Shift 1

Which of the following goods undergo wear and tear, thus gradually replaced over time?

2025: 28 May Shift 2

The current transfers from the rest of the world such as gifts, aids, etc. are included in ________.

2026: 6 June Shift 1

The benefits (or harms) a firm or an individual causes to another for which they are not paid (or penalised). What it is called?

Solution