Tag: natural resources- air, water and land

Questions Related to natural resources- air, water and land

Which of the following is not a characteristic of land?

economics how does production take place? natural resources- air, water and land land land,labour, capital and entrepreneur production mechanism

  1. It is produced by our forefathers

  2. Its usefulness depends on human efforts.

  3. It is immobile.

  4. Its supply for the economy is limited.

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Correct Option: A
Explanation:

Land is not produced by our forefathers.It is a free gift of nature to mankind and thus the quantity supplied of land is fixed form the history of evolution.

Which of the following is not true regarding 'land' as a factor of production?

economics how does production take place? natural resources- air, water and land land land,labour, capital and entrepreneur production mechanism

  1. Land is primary factor of production.

  2. Land is a man-made factor.

  3. The supply of land is fixed.

  4. Land is a free gift of nature to mankind.

Show answer
Correct Option: B
Explanation:

Land is a natural resource .It is considered as a free gift of nature to mankind,thus its quantity supplied is fixed.Hence,labour is a man-made factor.

Which of the following is true regarding 'land' as a factor of production?

economics how does production take place? natural resources- air, water and land land land,labour, capital and entrepreneur production mechanism

  1. Land is perfectly immobile factor.

  2. Land is a passive factor.

  3. Economic reward is rent.

  4. All of above

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Correct Option: D
Explanation:
1)Land is perfectly immobile factor as it is a natural resource and its quantity supplied is fixed and thus it does not possess any kind of mobility.
2)Land is a passive factor of production as it depends on other factors of production like,labour.
3)Rent is known as the cost of rent.For instance, a person needs to pay some cost in the form of rent to utilize the land for the production purpose.

_____ can kill bacteria and other micro organisms in the soil.

economics how does production take place? natural resources- air, water and land land land,labour, capital and entrepreneur production mechanism

  1. Bio fertilizers

  2. Organic fertilizers

  3. Manure

  4. Homemade fertilizers

  5. Chemical fertilizers

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Correct Option: E
Explanation:

A chemical fertilizer is defined as any inorganic material of wholly or partially synthetic origin that is added to the soil to sustain plant growth. Can also kill bacteria and other micro organisms in the soil.

To grow more than one crop on a piece of land during the year is known as ______.

economics how does production take place? natural resources- air, water and land land land,labour, capital and entrepreneur production mechanism

  1. kharif crop

  2. multiple cropping

  3. rabi crop

  4. zaid crop

  5. none of the above

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Correct Option: B
Explanation:

In agriculture, multiple cropping is the practice of growing two or more crops in the same piece of land during a single growing season. It is a form of polyculture.

Bigha and Guntha are _____.

economics how does production take place? natural resources- air, water and land land land,labour, capital and entrepreneur production mechanism

  1. types of soil

  2. types of seeds

  3. types of rabi crop

  4. local units of measuring farmland area

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Correct Option: D
Explanation:

Bigha and Guintha are two local units of measuring land area in village.

Which state was among the first to try out modern farming methods in India?

economics how does production take place? natural resources- air, water and land land land,labour, capital and entrepreneur production mechanism

  1. Jharkhand

  2. Haryana

  3. Bihar

  4. Orissa

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Correct Option: B
Explanation:

Haryana state was the first to try out modern farming methods in India.

Which of the following is a fixed capital?

economics how does production take place? natural resources- air, water and land land land,labour, capital and entrepreneur production mechanism

  1. Clay

  2. Yarn

  3. Tools

  4. Seeds

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Correct Option: C
Explanation:

Fixed capital includes the assets that are needed to start up and conduct business. These assets are considered fixed as they are not consumed or destroyed during the actual production of a good or service but have a reusable value. 

Which input is not a working capital?

economics how does production take place? natural resources- air, water and land land land,labour, capital and entrepreneur production mechanism

  1. Machines

  2. Raw-materials

  3. Money

  4. Shares

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Correct Option: A
Explanation:

Working capital is the daily expenses which a business bears. Machines are fixed capital. 

Which of the following is an example of working capital?

economics how does production take place? natural resources- air, water and land land land,labour, capital and entrepreneur production mechanism

  1. Tools

  2. Machines

  3. Raw materials

  4. Buildings

Show answer
Correct Option: C
Explanation:

Working capital is the daily expenses which a business bears