| 1 |
The difference between iron ore deposits and the steel produced illustrates the difference between |
- A. labour and natural resources
- B. labour and capital
- C. natural resources and capital
- D. natural resources and entrepreneurship
|
| 2 |
Which of the following is capital |
- A. toy of a child
- B. plough of the farmer
- C. calculator of the student
- D. novel book in the library
|
| 3 |
These are kinds of capital EXCEPT |
- A. fixed capital
- B. expensive capital
- C. working capital
- D. real capital
|
| 4 |
Productivity of capital depends upon |
- A. quality of labour
- B. quality of raw materials
- C. quality of management
- D. all of the above
|
| 5 |
Which of the following is capital |
- A. tractor
- B. TV station
- C. tarbela dam
- D. all of the three
|
| 6 |
Net investment equals Gross investment MINUS |
- A. fixed capital
- B. capital depreciation
- C. capital appreciation
- D. capital formation
|
| 7 |
The government constructed a new water reservoir for the purpose of irrigation; this might be taken as |
- A. increase in supply of capital
- B. increase in supply of land
- C. increase in supply of land and supply of capital
- D. increase in natural resources
|
| 8 |
Q<sub>d</sub> = 12 - 2P<div>Q<sub>s</sub>= -4 + 6P in this market model, P and Q are respectively.</div> |
- A. 2 & 8
- B. 4 & 8
- C. 4 & 10
- D. None of the three
|
| 9 |
Qd = 50 - 5P people will demand 50 when price of the product is: |
- A. Very high
- B. Very low
- C. Zero
- D. Unity
|
| 10 |
Which is true |
- A. capital depreciates
- B. capital is primary factor of production
- C. capital in not hireable
- D. human capital is real capital
|
