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The Story of Village Palampur Test - 4

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The Story of Village Palampur Test - 4
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Weekly Quiz Competition
  • Question 1
    1 / -0
    Which, among the following, is not a main factor of production?
    Solution

    According to economic theory, there are four main factors of production - land, labour, capital, and entrepreneurship. In the given options, first three are the factors of production while the fourth option of Product is not the main factor of production.

  • Question 2
    1 / -0
    Which of the following is a non farm activity?
    Solution
    1. Dairy farming is a non-farm activity. Dairy farming is a class of enterprise, for long term production of milk, usually not only from dairy cows, but also from goats, sheep and camels, which may either be processed on-site or transported to a dairy factory for processing and eventual retail sale.
    2. Some of the main non-farming activities are:
         (i) Diary     farming; 
         (ii) Small scale cottage industry; 
         (iii) Shop-keeping; 
         (iv) Transport; 
          (v) PCO. 

  • Question 3
    1 / -0
    Which of the following is a non-farming activity?
    Solution

    Dairy farming is an act of milk production, processing and marketing through various traditional as well as modern technologies. In rural India it is one of the main occupations for the sustainability. Though India is the major milk producer, farming techniques are not well developed.

  • Question 4
    1 / -0
    Consider the following statements
    (a) Democracy promotes equality and freedom of expression.
    (b) In non-democratic countries people cannot freely choose their leaders.
    (c) The relationship between different countries has. become more democratic than ever before
    (d) Nowadays there is not any military government in the world.
    Which of the above statements are correct?
    Solution
    Democracy is a form of government in which the administration of the country is run by the representatives who are elected by the people.
  • Question 5
    1 / -0
    Surplus produce in the market is supplied by _____.
    Solution
    C.  Large and medium farmers
    The part of farm produce which is sold in the market is called marketable surplus. Small farmers have little surplus output. It is the medium and large farmers only who have substantial surplus produce for selling in the market.
  • Question 6
    1 / -0
    The main activity related with agriculture is _____.
    Solution
    Agriculture is a process of cultivating plants and includes livestock farming. Sometimes, we use farming and agriculture as synonyms but agriculture is a wider term. Thus, farming is the primary function of agricultural activity. Farming refers to the growing of crops for food and raw materials. Growing of flowers or nursery plants, making manure and bio-fuels, etc. also form a part of farming.
    Hence, the correct answer is B.

  • Question 7
    1 / -0
    Who owns most of the land in villages?
    Solution
    Upper caste families owns most of land in villages. Upper caste families including Zamindars and Rajputs. In villages lower caste families are labours, servants who used to work in lands. 
  • Question 8
    1 / -0
    Opportunity cost is also known as _____.
    Solution

    Transfer earnings are the minimum payment required to keep a factor of production in its present use. It is the opportunity cost an individual forgoes when deciding to work in one job rather than the next best alternative.

  • Question 9
    1 / -0
    Production is organised by combining land, labour, physical capital and human capital, which are known as _____.
    Solution

    Factors of production is an economic term that describes the inputs that are used in the production of goods or services in order to make an economic profit. The factors of production include land, labor, capital and entrepreneurship.

  • Question 10
    1 / -0
    Passive factor of production is ___________.
    Solution

    • Land itself does not produce anything alone. It is a passive factor of production. It needs help of labour, capital, entrepreneur, etc., in order to obtain yields from it. 
    • Capital is also a passive factor of production. This is so because it becomes ineffective without co-operation of labour.

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