EASY
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Which of the following is working capital?

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Important Questions on The Story of Village Palampur

EASY

Who has first developed the theory of Rent?

 

MEDIUM
Which one of the following is not an example of fixed capital?
EASY
Which of the following is an example of working capital?
MEDIUM
Himmatveer has inherited land and Rs.250000 from his father. He decided to build a factory on the land. He spent Rs.200000 for the building. To purchase the machines he took a loan of Rs.75000 from the bank and purchased machines. After six months, he could start production. He used the rest of the money that he has inherited to purchase the raw materials required. His fixed capital and the working respectively are:
EASY

Which of the following does not describe production? 
 

HARD
'Human wants are unlimited'. Explain the statement from the perspective of economics.
MEDIUM
Which among the following is active factor of production?
EASY
What is the term given for raw materials and money in hand?
MEDIUM
What do you mean by alternative use of resources?
EASY
Which of the following is essential for the production of goods and services?
HARD

Read the statements given below carefully.

Statement 1: Farmers who cannot find work in their villages, migrate to other villages and towns in search of work.

Statement 2: Even though the quantity of land available for use is fixed, the yield from land can be increased.

Statement 3: Non-Farm production activities do not require factors of production to carry out production.

EASY
Tools, machines, buildings are examples of which type of capital?
MEDIUM

 Tools, machines, buildings can be used in production over many years. All of these are known as which capital?

EASY
Every production is organised by combining land, labour, physical capital, and human capital, which are known as _____. (Factors of Production / Sectors of Production)
MEDIUM
Who puts together land, labour, and capital in the process of production?
HARD
What is the working capital required by the farmer using modern farming methods?