The Story of Village Palampur Test

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The Story of Village Palampur Test - 9

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Weekly Quiz Competition

Question 1
1 / -0

________ is that part of a wealth of an individual or community, which is used for further production of wealth, or which yields an income.

A
Land

B
Enterprise

C
Capital

D
Labour

Solution

Capital is a term for monetary assets, such as funds thought in deposit accounts and funds obtained from particular finance sources. Capital can also be connected with capital assets of a company that requires important amounts of capital to finance or expand.
Capital can be through financial assets or raised from debt or equity financing. Businesses will naturally focus on three types of business capital working capital, equity capital, and debt capital. In general, business capital is a core part of running a business and financing capital concentrated assets.

Thus, the correct option is C.
Question 2
1 / -0

Production Function specifies the ______________ output that can be produced with given quantities of inputs, in the existing state of technology.

A
Minimum

B
Maximum

C
Average

D
Zero
Question 3
1 / -0

Production is the creation of which utilities?

A
Form, good and factor

B
Cost, time and consumption

C
Place, time and factor

D
Form, time and place

Solution

Production of any commodity creates some satisfaction or utilities of form, time and place. Production is not possible without the utility of form, time and place.
Question 4
1 / -0

Land is a ____________ Factor of Production.

A
Natural

B
Man Made

C
Both (a) and (b)

D
Neither (a) nor (b)
Question 5
1 / -0

Select the incorrect one/ones about the Agricultural Census in India, using the code given below:
1. Agricultural Census, undertaken by the Ministry of Agriculture, takes place in India after every four years.
2. A partially sponsored scheme of Center primary (fresh data) and secondary (already published) data on structure of Indian agriculture are collected under this operation with the help of State Governments.

A
Only 1

B
Only 2

C
1 and 2

D
Neither 1 nor 2

Solution

The Census takes place after every five years-the first Agricultural Census in the country was conducted with refernce year 1970-71. Agriculturall Census is carried out as a Centerl Secoter Schrme under which. 100 per cent financial assistance is provided to States/Union Territories. Agricultural Census operation is carried out in three phases. During Phase-I, a list of all holdings with data on area, gender and social group of the holder is prepared with the help of listing schedule. During Phase-II detailed data on tenancy, land use,
Question 6
1 / -0

Depreciation of fixed capital assets refers to : (choose the correct alternative)

A
Normal wear and tear

B
Foreseen obsolescence

C
Normal wear and tear and foreseen obsolescence

D
Unforeseen obsolescence

Solution

Depreciation of fixed capital assets refers to fall in value due to normal wear and tear and foreseen obsolescence.
Hence, the correct answer is option 'C'.
Question 7
1 / -0

Production Activity involves creation of Utility. Such Utility can be created as ____________________.

A
Form Utility

B
Place Utility

C
Time Utility

D
All of the above
Question 8
1 / -0

The real aim of production is ___________.

A
to create material goods

B
to eliminate poverty

C
to satisfy wants of the people

D
to provide basic necessities

Solution

Production is the process through which utility is added to the scarce resources through transformation of inputs into outputs, i.e., goods that satisfy certain wants.
Question 9
1 / -0

Which of the following land is not suitable for cultivation?

A
Fertile Land

B
Cultivable land

C
Barren wasteland

D
All of the above

Solution

Barren wasteland is the land which cannot be cultivated, even with the use of advanced technology. This includes rocky terrains, deserts, etc.
Question 10
1 / -0

In which state of India the consumption of chemical fertilizers is highest?

A
Uttar Pradesh

B
Bihar

C
Punjab

D
Assam

Solution

The consumption of chemical fertilizers in Punjab is highest in the country. The continuous use of chemical fertilizers has led to degradation of soil health.

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Re-Attempt Weekly Quiz Competition

The Story of Village Palampur Test - 9

Result

The Story of Village Palampur Test - 9

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Rank

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SHARING IS CARING

Question 1

Land

Enterprise

Capital

Labour

Solution

Question 2

Minimum

Maximum

Average

Zero

Question 3

Form, good and factor

Cost, time and consumption

Place, time and factor

Form, time and place

Solution

Question 4

Natural

Man Made

Both (a) and (b)

Neither (a) nor (b)

Question 5

Only 1

Only 2

1 and 2

Neither 1 nor 2

Solution

Question 6

Normal wear and tear

Foreseen obsolescence

Normal wear and tear and foreseen obsolescence

Unforeseen obsolescence

Solution

Question 7

Form Utility

Place Utility

Time Utility

All of the above

Question 8

to create material goods

to eliminate poverty

to satisfy wants of the people

to provide basic necessities

Solution

Question 9

Fertile Land

Cultivable land

Barren wasteland

All of the above

Solution

Question 10

Uttar Pradesh

Bihar

Punjab

Assam

Solution

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