Economics

Q.

________ is an active factor of products

1. Labour

2. Land

3. Capital

4. Consumption

Q.

The revenue earned by production activity after deducting cost of production is

1. Cost of production

2. Profit

3. Capital

4. Wealth

Q.

_________ Refers to the services of an entire preview who controls, agonizes & undertakes all risks

1. Organization

2. Money

3. Land

4. Labour

Q.

National income, total employment, total savings are examples of _____

1. Government

2. Micro economics

3. Macro economics

4. Basic unit

Q.

Which characteristics of utility is explained by this?

Rain coat has utility only in rainy season

1. Utility is subjective

2. Utility has not moral significance

3. Utility is relative

4. Utility is not a please

Q.

Human Capital

1. Cannot be bought and sold

2. Cannot bought and sold

3. Can be measured in quantity

4. Can be used as collateral for loans

Q.

What kind of wealth is machinery or fixed assets?

1. Individual wealth

2. International wealth

3. Reproducible wealth

4. Social wealth

Q.

Economic policies like tax policy, industrial policy etc., for the economy is made by _________

1. Capital

2. Firms

3. Government

4. Households

Q.

Wheat used by households are

1. Single use producer goods

2. Double use producer goods

3. Single use consumer goods

4. Double use consumer goods

Q.

Money is

1. Assets

2. Liabilities

3. Wealth

4. Demand Deposit