Tag: concept of consumption function, saving function and investment function

Quizzes (4) Questions (169)

Questions Related to concept of consumption function, saving function and investment function

Multiple choice economics concept of consumption function, saving function and investment function capital economy of a village wealth, capital and money

Capital which is invested in the private sector or by people privately is known as ____________.

  1. public capital

  2. private capital

  3. national capital

  4. international capital
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Private capital refers to that capital which is invested in the private sector or by people privately. This capital is used to generate income for the people operating in the private sector.

Multiple choice economics concept of consumption function, saving function and investment function capital economy of a village wealth, capital and money

When the capital of a country is used within its territory, it is called __________.

  1. external capital

  2. internal capital

  3. ntional capital

  4. international capital
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

When the capital formed in a country is used within the domestic boundary of the country for any production process, it is known as internal capital.

Multiple choice economics concept of consumption function, saving function and investment function capital economy of a village wealth, capital and money

The capital which directly helps in the production of goods, e.g. machines, tools, factories, etc. is termed as ____________.

  1. consumption capital

  2. production capital

  3. private capital

  4. public capital
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Production capital refers to that capital which is associated with the production mechanism directly. It is used in the process of production in the physical form, i.e, in the form of machines, tools, etc.

Multiple choice economics concept of consumption function, saving function and investment function capital economy of a village wealth, capital and money

When the capital is obtained from foreign countries and used in our country, it is called ___________.

  1. external capital

  2. internal capital

  3. national capital

  4. international capital
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Capital obtained from foreign sources and invested domestically is classified as external capital, as opposed to internal capital generated within the country.

Multiple choice economics concept of consumption function, saving function and investment function capital economy of a village wealth, capital and money

All those items that yield income to the society e.g. machinery, plant, factories, farms, canals, railways, mines, etc. are called ___________.

  1. trade capital

  2. social capital

  3. personal capital

  4. circulating capital
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Machinery, plant, factories, canals, railways, mines, etc is the infrastructure that assists in yielding income for the society. Thus, they are known as social capital.

Multiple choice economics concept of consumption function, saving function and investment function capital economy of a village wealth, capital and money

The capital owned by a group of people or a business, which is run by a family or a group, is known as __________.

  1. collective capital

  2. individual capital

  3. national capital

  4. international capital
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Collective capital is the capital owned by a group of people or a business, which is run by a group or family. In this case, all the people of the group or family collectively use the benefits derived from the utilization of that capital.