Factors of Production
Trending Questions
Q.
Explain the term physical capital. Mention its different types with examples.
Q.
What is a production activity?
Q.
Underemployment occurs when people
Q.
Name the scarce factor of production.
Q. Which of the following is an example of working capital?
- Tools
- Buildings
- Machines
- Raw materials
Q.
Working Capital Stands For _________.
Q. When do farmers generally grow jowar and bajra?
- Monsoon
- Winter
- Summer
- Spring
Q. A/An ________ efficiently puts together land, labour, and capital to produce an output.
- investor
- banker
- entrepreneur
- client
Q. Land is the fundamental natural resource required as an input in any production activity. It is fixed in nature. What are the ways to sustain land for farming activities in rural areas?
- Using excessive fertilisers and pesticides
- Not overusing groundwater
- Waterlogging
- Carrying out crop rotation/multiple cropping
Q. What are the non-institutional sources of capital for farmers in the rural areas?
- Commercial banks
- Moneylenders
- Friends
- Relatives
- Cooperatives
- Government banks
- Zamindars
- Large farmers
Q. The four main factors of production are land, labour, capital, and entrepreneurs.
- False
- True
Q. <!--td {border: 1px solid #ccc;}br {mso-data-placement:same-cell;}-->
Assertion (A): All goods and services satisfy our needs and wants.
Reason (R): The satisfying power of the commodity is known as its utility.
Reason (R): The satisfying power of the commodity is known as its utility.
- Both A and R are incorrect.
- A is correct, but R is incorrect.
- Both A and R are correct, but R is not the correct explanation for A.
- Both A and R are correct, and R is the correct explanation of A.
Q. The four main factors of production are land, labour, capital, and entrepreneurs.
- False
- True
Q. Assertion (A): Scientists, engineers, and factory workers all are labourers.
Reason (R): All mental or manual effort required for production is termed as labour.
Reason (R): All mental or manual effort required for production is termed as labour.
- A is correct.
- R is correct.
- A is incorrect.
- R is incorrect.
Q. <!--td {border: 1px solid #ccc;}br {mso-data-placement:same-cell;}-->
Assertion (A): All goods and services satisfy our needs and wants.
Reason (R): The satisfying power of the commodity is known as its utility.
Reason (R): The satisfying power of the commodity is known as its utility.
- Both A and R are incorrect.
- A is correct, but R is incorrect.
- Both A and R are correct, but R is not the correct explanation for A.
- Both A and R are correct, and R is the correct explanation of A.
Q. Match the capitals with their corresponding examples.
- Cotton
- Machine
- Labour
Q. Assertion (A): Scientists, engineers, and factory workers all are labourers.
Reason (R): All mental or manual effort required for production is termed as labour.
Reason (R): All mental or manual effort required for production is termed as labour.
- A is correct.
- R is correct.
- A is incorrect.
- R is incorrect.
Q. When do farmers generally grow jowar and bajra?
- Monsoon
- Summer
- Winter
- Spring
Q. One component of fixed capital is:
- Building
- Labour
- Cash
- Stock
Q. Which of the following is not a classification of the factors of production?
- Land
- Labour
- Debt
- Entrepreneurship
Q. Match the factors of production to the appropriate options.
- Land
- Labour
- Capital
- Entrepreneurship
- Rent
- Wages
- Interest
- Profit