Tag: land

Questions Related to land

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

As a Factor of Production, Land lacks mobility in the ________ sense.

  1. Geographical

  2. Utility

  3. Both (a) and (b)

  4. Neither (a) nor (b)


Correct Option: A

As a Factor of Production, the Supply of Land is relatively elastic from the viewpoint of ___________________.

  1. The entire economy

  2. An Individual Firm

  3. Both (a) and (b)

  4. Neither (a) nor (b)


Correct Option: B

As a Factor of Production, Land is permanent. This means that Land ___________________.

  1. Remains before and after cultivation

  2. Cannot be destroyed or lost

  3. Cannot be used for production at all

  4. None of the above


Correct Option: B

As a Factor of Production, Land is mobile across ____________.

  1. Places

  2. Uses

  3. Both (a) and (b)

  4. Neither (a) nor (b)


Correct Option: B

No two pieces of land are exactly alike in all respects. This statement is ______________.

  1. True

  2. False

  3. Partially True

  4. None of the above


Correct Option: A

If Land is used for productive purposes, its fertility is reduced. Such fertility ________________.

  1. Can be restored

  2. Cannot be restored at all

  3. Is lost forever

  4. Both (b) and (c)


Correct Option: A