| 1 |
Free gift of nature is |
- A. Land
- B. Labour
- C. Capital
- D. Organization
|
| 2 |
Perfectly inelastic supply curve is: |
- A. Vertical
- B. Rise upward
- C. Horizontal
- D. Fall downward
|
| 3 |
In economics, every mental or physical struggle undertaken for reward, is called |
- A. Land
- B. Labour
- C. Capital
- D. Organization
|
| 4 |
Factor of production which is used to earn more income, is called |
- A. Land
- B. Labour
- C. Capital
- D. Organization
|
| 5 |
The relationship between price and quantity supplied is: |
- A. Inverse
- B. Positive
- C. Infinite
- D. Zero
|
| 6 |
Supply curve slope is: |
- A. Positive
- B. Vertical
- C. Negative
- D. Horizontal
|
| 7 |
In case of horizontal supply curve, Es is: |
- A. Mero than unity
- B. Less than unity
- C. Zero
- D. Infinite
|
| 8 |
Quantity of a commodity which is offered for sale in a market is called: |
- A. Trade
- B. Supply
- C. Demand
- D. Stock
|
| 9 |
Second factor of production is |
- A. Land
- B. Labour
- C. Capital
- D. Organization
|
| 10 |
Fourth factor of production is called |
- A. Land
- B. Labour
- C. Capital
- D. Organization
|
