| 1 |
Second factor of production is |
- A. Land
- B. Labour
- C. Capital
- D. Organization
|
| 2 |
When price increases, supply: |
- A. Contracts
- B. Expands
- C. Remains fixed
- D. Becomes zero
|
| 3 |
River, sea, forests, rain are called |
- A. Land
- B. Labour
- C. Capital
- D. Organization
|
| 4 |
One of the following is not included in the characteristics of land |
- A. Land is a gift of nature
- B. All the pieces of land are not equal infertility
- C. Productive capacity of land is limited
- D. Supply of land is unlimited
|
| 5 |
Which factor has no pre-determined reward |
- A. Land
- B. Labour
- C. Capital
- D. Organization
|
| 6 |
The most important and basic factor of production is |
- A. Land
- B. Labour
- C. Capital
- D. Organization
|
| 7 |
Tractor, harvester, thrasher etc are the examples of factor of production |
- A. Land
- B. Labour
- C. Capital
- D. Organization
|
| 8 |
Quantity of a commodity which is offered for sale in a market is called: |
- A. Trade
- B. Supply
- C. Demand
- D. Stock
|
| 9 |
In modern term, factors of production are called |
- A. Inputs
- B. Productive services
- C. Inputs and productive services
- D. Production of goods and services
|
| 10 |
As factor of production, river and sea are called |
- A. Land
- B. Labour
- C. Capital
- D. Organization
|
