1. SOCIAL SCIENCE
Answer all the questions
I. multiple choice questions
1. When factors of production are transformed into output , that process is called
(a. Production, b. factors of production. entrepreneurship, d. capital formation)
2. Raw materials and stocks of goods are called
(a. Fixed capital, b. money, c. working, d. none of the these)
3. The remuneration that the land owner receives is called
(a. Rent, b. wages, c. interest, d. none of these)
4. The reward for the services of the entrepreneur
(a. rent, b. profit, c. wages, d. none of these)
5. The remuneration paid for the services of laborers is called
(a. Rent, b. profit, c. interest, d. wages)
6. Labor intensive technique is useful
(a. For developing countries, b. for developed countries, c. for backward countries, d.
none of these)
7. Capital intensive technique is favored due to
(a. Rapid economic growth, b. Social influence, c. increase in employment
opportunities, d. all of the above)
8. Capital intensive technique is a type of what
(a. Development, b. technique, c. stability, d. none of these)
9. Which of the following is a advantage of capital intensive technique?
(a. higher level of production, b. increase in employment opportunities , both of the
above , neither nor b)
10. The labor, natural resources, goods made by human beings used in production are
together called
(a. Money capital b. capital formation c. factors of production, d. none of these )
II. Fill in the blacks
11. ………..is an article agent of production.
12. The increase in physical capital is called ………….
13. A product where capital is dominant than labor for production is called ……………
14. Money that is used to buy the capital is called ………….
15. Capital formation is possible through ………….
16. Man made instruments of production is called …………....
2. III. Match the following
17. Land - combination of other factors
18. Labor – goods made human beings
19. Capital –natural resources
20. Organization-physical and mental labor of human beings