Tag: natural resources- air, water and land

Questions Related to natural resources- air, water and land

Which of these is included in "Land" as a Factor of Production?

  1. Fertility of Soil

  2. Water

  3. Air

  4. All of the above


Correct Option: D

As a Factor of Production, Land is _______________.

  1. Permanent

  2. Original and indestructible

  3. A free gift of nature

  4. All of the above are correct.


Correct Option: D

As a Factor of Production, Land is ___________________.

  1. Fixed in quantity

  2. Variable in quantity

  3. Not quantifiable at all

  4. Not useful for production.


Correct Option: A

As a Factor of Production, "Land" is one of the  ________ means of Production.

  1. Original

  2. Produced

  3. Derived

  4. Monetary


Correct Option: A

Land refers to _______________.

  1. Soil and earth's surface

  2. Fertility of soil

  3. Natural resources

  4. All of the above


Correct Option: D

As a Factor of Production, Land is ________________.

  1. A free gift of nature.

  2. Fixed in quantity

  3. Variable in terms of fertility and uses

  4. All of the above are correct.


Correct Option: D

Anything available above the earth's surface is called "Land". This statement is ___________________.

  1. True

  2. False

  3. Partially True

  4. None of the above


Correct Option: C

Which one of the following is not a characteristic of land ________________.

  1. A Free gift of nature

  2. Its supply is fixed

  3. An active factor of production

  4. It has Different Uses


Correct Option: C

As a Factor of Production, the Supply of Land is perfectly inelastic from the viewpoint of ____________________.

  1. The entire economy

  2. An Individual Firm

  3. Both (a) and (b)

  4. Neither (a) nor (b)


Correct Option: A

As a Factor of Production, Land has certain inherent properties, e.g. Fertility. These properties are ________________.

  1. Indestructible

  2. Original

  3. Both (a) and (b)

  4. Neither (a) nor (b)


Correct Option: C