| 1 |
In modern term, factors of production are called |
- A. Inputs
- B. Productive services
- C. Inputs and productive services
- D. Production of goods and services
|
| 2 |
As factor of production, river and sea are called |
- A. Land
- B. Labour
- C. Capital
- D. Organization
|
| 3 |
Tractor, harvester, thrasher etc are the examples of factor of production |
- A. Land
- B. Labour
- C. Capital
- D. Organization
|
| 4 |
When price decreases, supply: |
- A. Contracts
- B. Expands
- C. Remains fixed
- D. Becomes zero
|
| 5 |
Cannot be separated from labourer |
- A. Land
- B. Labour
- C. Capital
- D. Organization
|
| 6 |
If an entrepreneur does service, in economics it is called |
- A. Organization
- B. Discipline
- C. Labour
- D. Wage
|
| 7 |
Stock means the quantity: |
- A. Sold in market
- B. Which is offered for sale
- C. Which exist in warehouse
- D. Of total production
|
| 8 |
Perfectly inelastic supply curve is: |
- A. Vertical
- B. Rise upward
- C. Horizontal
- D. Fall downward
|
| 9 |
When price increases, supply: |
- A. Contracts
- B. Expands
- C. Remains fixed
- D. Becomes zero
|
| 10 |
One of the following is not included in labour |
- A. Teaching of a teacher in a school
- B. Working of a clerk in an office
- C. To follow a case by a lawyer
- D. To look after the child by his mother
|
