Economy of a village - class-XII
Description: economy of a village | |
Number of Questions: 121 | |
Created by: Sangita Pandit | |
Tags: production analysis concept of consumption function, saving function and investment function how does production take place? economics and economy fundamental concepts and terminologies basic concepts story of a village rampur: a village economy factors of production economics basic concepts of economics |
The manufactured goods are called _______.
"All those man-made goods which are used in further production of wealth." This is the definition of _________.
Money, fuels, etc. are the examples of _________ capital.
Capital which is invested in the private sector or by people privately is known as ____________.
_________ capital includes all the private and public capital in a country.
When the capital of a country is used within its territory, it is called __________.
The capital which directly helps in the production of goods, e.g. machines, tools, factories, etc. is termed as ____________.
All those goods which a person uses in his trade or occupation are referred as __________.
When the capital is obtained from foreign countries and used in our country, it is called ___________.
The capital spent on food, clothing, housing, etc. is termed as __________.
All those items that yield income to the society e.g. machinery, plant, factories, farms, canals, railways, mines, etc. are called ___________.
International Monetary Fund, World Bank, etc. are the examples of __________.
The capital owned by a group of people or a business, which is run by a family or a group, is known as __________.
The most important function of capital is to promote the ___________.
The supply of capital is increased or diminished by the efforts of man.
Higher income of people enables them to save more as compared to lower income.
Capital helps in increasing production and productivity.
Capital is not the core of economic development.
Capital is a gift of nature.
Countries like U.S.A. and some western countries have high per capita income, but the people over there have lower savings.
The capital which is invested by the government in public sector is called __________.
Capital helps in maintaining defence of the country.
When the people are provided with more facilities to mobilize the savings, the people save less and invest less.
Lower __________ leads to low savings which lead to a lower rate of capital formation.
Besides the level of income, the taxation policies of the government also affect the ability to save.
When the rates of income tax and sales tax are high, the major portion of the earnings of people goes to the government exchequer and very little remains with people to save and invest.
Capital formation is highly affected by market conditions of boom and depression.
Higher income and low taxation lead to higher rate of capital formation.
The prosperity encourages and enhances the saving but depression reduces the saving of people.
The inadequate number of investment channels is one of the reasons for low capital formation in India.
Plant and machinery are ________.
What does capital formation mean?
The term capital in economics means ___________.
The cost of capital as a factor of production is expressed in the form of _______.
In economics we call the buildings, machinery, other equipment used in production as _______.
Which of these Industries falls in the category of capital goods industry?
Which of these is not a stage of capital formation?
In economics, the term 'Capital' means -
I. Money introduced in business
II. Things like tools, machines and equipments.
Addition to the stock of capital goods in a country means _______.
Social overhead capital mainly includes _______.
Over the years the rate of gross capital formation has _______.
A characteristic feature of capital is _____________.
In Economics, capital includes ______________.
Which of these constitutes does not constitute "Capital'?
Which of these constitutes "Capital'?
The number of units of capital required in order to produce one unit of output is termed as:
Which of the following is an example of working capital?
One component of fixed capital is ______.
Raw materials and money in hand are called _____.
Fixed capital stands for ______.
What are 'raw materials and money in hand' called?
Those hidden qualities in a person which earn him an income and cannot be transferred from one place to another are called ________.
Capital includes all those goods (items or commodities) which are used for further production of more goods, e.g. _______________.
What is meant by individual capital?
Capital is an indispensable factor of production.
What is remunerative capital?
The __________ capital helps a labourer to produce goods.
Give an example of a sunk capital.
Capital ____________ over a period of time.
Circulating capital is directly absorbed into the finished products.
Amongst all the factors of production, _________ has the highest mobility.
The functions of capital include provision for subsistence, provision for appliances, _______.
Those producer goods having a long life which can be used again and again in production processes are called ___________.
The saving by individuals depends more or less upon ___________.
The rate of capital formation is the ratio between the gross capital formation and gross domestic product at current prices.
An increase in income tax adversely affects the willingness to save.
The opportunity to save refers to the conditions of ___________.
Which of the following is the suggestion to increase the rate of capital formation?
The process of capital formation occurs in three stages.
Who create the savings from an economic point of view?
"Larger the volume of saving, larger the size of capital, smaller the volume of saving, less is the size of capital." Who said this?
In which countries the extensive use of machinery and tools has yielded higher production?
What is marginal efficiency of capital ?
Capital-output ratio of a commodity measures ________.
Capital-Output Ratio measures ________.
In the short run which of the following is fixed?
Labour intensive technique would get chosen in a _______.
Find the odd option out.
Capital that can be used for several purposes or by several industries is ___________.
Leather in a shoe factory is _______.
Machines and tools are included in ________.
Consider the following groups of items:
(i)Factory buildings
(ii)Plant and Machinery
(iii) Stocks of raw materials
(iv)Wage bills
Which of these are known as working capital?
In economics, the term 'capital' means-
I. Money introduced in business.
II. Things like tools, machines & equipment.
Select the correct answer from the options given below-
What does venture capital mean?
Which of the following statements is correct?
All Wealth is Capital, but all Capital is not Wealth. This statement is _____________.
If a Resource is lying idle, it will constitute ______________.
All Capital is Wealth, but all Wealth is not Capital. This statement is ____________.
As a Factor of Production, "Capital" can be used for _______________.
The process of increase in the stock of real capital in a country is called ______________.
"Capital" is considered as a "produced means of production". This statement is _________________.
As a Factor of Production, "Tools and Accessories" constitute ___________________.
Capital $\neq$ Wealth. This statement is ______________.
If a Resource is being used for generating further revenue, it will constitute _______________.
Income arising out of "Capital" is a ________ concept.
As a Factor of Production, "Capital" is _________________.
As a Factor of Production, "Capital" is a ________ means of Production.
Capital Formation is required for _____________________.
As a Factor of Production, "Capital" is a ________ concept.
If current consumption is reduced for the purpose of Capital Formation, that represents a _________________.
Larger production of ____________ goods would lead to higher production in future.
For the purpose of Capital Formation _____________________.
A 100% Consumption Economy ______________________.
Capital Formation is possible by _______________________.
Capital Formation is required for _________________.
Ability to Save depends upon _________________.
For the purpose of Capital Formation, which of the following create "Savings" in an economy?
Which of these is a source of savings for Government?
Capital Formation involves ___________________.
Real Capital Formation requires ___________________.
Inducement to Invest is influenced by _______________________.
In the pre-reforms period (i.e. before 1991), import permission was available primarily for _______________.
Under Cobb- Douglas production function contribution of capital and labour respectively _________________.
In the pre-reforms period (i.e. before 1991), import permission was available primarily for ________________.
Gross capital formation in India is very ___________.
Which capital includes durable consumer goods, inventories and intermediate goods?
"Capital is the produced means of production". Who gave this definition?
Which of the following is/are the stages of capital formation?
Why is capital a passive factor of production?
Capital Formation means ___________________.