| 1 |
If the rate of change in price and quantity supplied is equal then: |
- A. Es = 0
- B. Es = 1
- C. Es > 1
- D. Es < 1
|
| 2 |
The most important and basic factor of production is |
- A. Land
- B. Labour
- C. Capital
- D. Organization
|
| 3 |
In case of horizontal supply curve, Es is: |
- A. Mero than unity
- B. Less than unity
- C. Zero
- D. Infinite
|
| 4 |
Which factor is oldest and basic factor of production |
- A. Land
- B. Labour
- C. Capital
- D. Organization
|
| 5 |
In modern term, factors of production are called |
- A. Inputs
- B. Productive services
- C. Inputs and productive services
- D. Production of goods and services
|
| 6 |
Stock means the quantity: |
- A. Sold in market
- B. Which is offered for sale
- C. Which exist in warehouse
- D. Of total production
|
| 7 |
Tractor, harvester, thrasher etc are the examples of factor of production |
- A. Land
- B. Labour
- C. Capital
- D. Organization
|
| 8 |
One of the following is not included in the characteristics of labour |
- A. Labour and labourer cannot be separated
- B. Labour can be stored
- C. Labour has limited mobility
- D. Supply of labour is inelastic
|
| 9 |
Free gift of nature is |
- A. Land
- B. Labour
- C. Capital
- D. Organization
|
| 10 |
One of the following is not called land |
- A. Rain
- B. Mountain
- C. Forests
- D. Mangla Dam
|
