| 1 |
Productivity of land can be raised by |
- A. decreasing farm size
- B. intensive cultivation
- C. better marketing
- D. increasing money supply
|
| 2 |
If a firm increases the ratio of capital to labour, it becomes more |
- A. labour intensive
- B. capital intensive
- C. output intensive
- D. input intensive
|
| 3 |
When demand rises more than supply price of the product will. |
- A. Rise
- B. Fall
- C. Remains unchanged
- D. None of the three
|
| 4 |
Land means |
- A. sea
- B. surface of earth
- C. natural forests
- D. all natural resources
|
| 5 |
If supply rises more than demand, price of the product will. |
- A. Fall
- B. Rise
- C. Not change
- D. Change
|
| 6 |
The transformation of resources into economic gods and services is |
- A. input
- B. production
- C. entrepreneur
- D. market
|
| 7 |
Geographical mobility is not possible for |
- A. land
- B. labour
- C. capital
- D. wealth
|
| 8 |
Which of the following factors takes risk, innovates and coordinates |
- A. capital
- B. labour
- C. bank
- D. entrepreneur
|
| 9 |
Given the demand curve, a rise in supply will. |
- A. Increase quantity supplied
- B. Price will fall
- C. Price will rise
- D. Both (a) and (b)
|
| 10 |
For production of goods we need factors |
- A. few
- B. 2
- C. 4
- D. unlimited
|
