Statement 1: Real Flow involves exchange of goods and services. Statement 2: Real Flow is also known as Nominal Flow.
Statement 1: Real Flow involves exchange of goods and services.
Statement 2: Real Flow is also known as Nominal Flow.
In the following questions, read the following statements and choose the correct alternative among those given below:
Alternatives:
(a) Both the Statements are true.
(b) Both the Statements are false.
(c) Statement 1 is true and Statement 2 is false.
(d) Statement 2 is true and Statement 1 is false.
Anurag Pathak Changed status to publish November 18, 2023
Solution:-
Ans – (c)
Explanation:
Real flow involves exchange of goods and services, thus statement 1 is correct.
Real flow is known as physical flow not the nominal flow, thus statement 2 is false.
Anurag Pathak Changed status to publish November 18, 2023
