Tag: economy of a village

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Questions Related to economy of a village

Multiple choice economics the story of village palampur farming and non-farming activities in village non - economic activities economy of a village

Which of the following is not true?

  1. Rural women have started using LPG as fuel

  2. 2001 census shows that in rural India only 56% households have an electricity connection

  3. About 90% of the rural households use biofuels for cooking

  4. Tap water availability is limited to only 24% rural households
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

While rural development is ongoing, it is not true that rural women have widely adopted LPG as their primary fuel, as many still rely on traditional biofuels.

Multiple choice economics the story of village palampur farming and non-farming activities in village non - economic activities economy of a village

Which city will get India's first 'freight village'?

  1. Varanasi

  2. Jaipur

  3. Bengaluru

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

A ‘Freight Village’ refers to a specialised industrial estate that attracts those companies which are in requirement of logistics services and can cluster to improve their competitiveness. In this connection, the city of Varanasi will get the country’s first ‘freight village’. It is spread over around 100 acres.
Thus, the correct answer is A.

Multiple choice economics the story of village palampur farming and non-farming activities in village non - economic activities economy of a village

For purchasing the seeds, fertilizers etc the loan distributed is called

  1. Short Term loan

  2. long term loan

  3. medium term loan

  4. none of these
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Medium-term loans are the type of loans with a repayment period that lasts between two and five years. These are given for the purpose of financing of professional equipment which is needed for production or service provision activities, thus including safety or environmental protection. Thus, for purchasing the seeds, fertilizers etc. The loan distributed is called medium-term loan.

Thus, the correct answer is C.

Multiple choice economics the story of village palampur farming and non-farming activities in village non - economic activities economy of a village

Choose the correct answers from the alternatives given.
In India, agriculture income is calculated by _______________.

  1. Output Method

  2. Input Method

  3. Expenditure Method

  4. Commodity flow method
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

In India agriculture, forestry and logging, fishing mining and quarrying, registered manufacturing and construction units are included in category.A. The output method is applied to category A. The value added by this category is found by subtracting the value of raw materials and other inputs from the aggregate of commodity-wise output
Expenditure method- This method measures the National income sum total of final expenditure incurred by household, business firm. Govt. and Foreigners
Commodity flow method: This method is used to estimate the purchase of commodities by intermediate or final users. This method generally begins with an estimate of the total supply of a commodity available for domestic users.

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

The manufactured goods are called _______.

  1. physical capital

  2. consumers

  3. utility

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

Manufactured goods such as machinery, buildings, or computers, etc.,  are called the physical capital. In economic theory, physical capital is one of the three primary factors of production.

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

"All those man-made goods which are used in further production of wealth." This is the definition of _________.

  1. goods

  2. production

  3. capital

  4. labour
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Capital can be used over a long period of time. When used efficiently over a long period of time it will generate wealth for the entrepreneur. 

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

Money, fuels, etc. are the examples of _________ capital.

  1. trade capital

  2. fixed capital

  3. sunk capital

  4. floating capital
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Floating capital, also known as circulating capital, refers to assets that are used up or transformed during the production process, such as raw materials, fuel, and cash.

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.