Question : Which of the following statement are true?

1. Inventory accumulate when planned investment is less then planned saving.
2. Unplanned inventory refers to the anticipated change in stock due to unexpected fall in sale.

Question : Which of the following are true?

1. Real flow is also known as nominal flow.
2. In two sector economy, total production is equal to total consumption.

Question : Which of the following statement are true?

1. Defence capital equipment purchased from Russia is a capital expenditure.
2. Grants given to state government is a revenue expenditure.

Question : Which of the following statement are true?

1. Recovery of loan is a capital receipt.
2. Interest received in loans is a capital receipts.

Question : Which of the following are true?

1. Circular flow of income does not takes place in case of closed economy. 
2. Physical flow involves exchange of goods and services.