CUET Economics 2025 2 June Shift 1 PYQs

In a simple economy, the circular flow between firms and households in terms of factor payments and services also represents as.

Which of the following statements is true?

(A) Gross domestic income is a subset of national income.

(B) Corporate profit tax is a factor in income earned by the government.

(C) The production of wheat by a farmer retained by himself for his self-consumption will be included in the national income of the country.

(D) All capital goods are producer goods, but all producer goods are not necessarily capital goods.

Choose the correct answer from the options given below:

Match List-I with List-II

Choose the correct answer from the options given below:

1. (A) - (I), (B) - (II), (C) - (III), (D) - (IV)
2. (A) - (II), (B) - (IV), (C) - (III), (D) - (I)
3. (A) - (I), (B) - (IV), (C) - (III), (D) - (II)
4. (A) - (IV), (B) - (I), (C) - (III), (D) - (II)