Tag: capital

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Questions Related to capital

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.

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

The most important function of capital is to promote the ___________.

  1. economic growth of the country

  2. advertisement of the product

  3. payment of wages to the workers

  4. none of the above
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Capital is used to produce goods and services and hence is important efficient growth of an economy. 

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

Capital helps in increasing production and productivity.

  1. True

  2. False
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Capital helps to improve the production,that is ,the action of transforming things from raw materials to finished products.It also helps in increasing the productivity,that is,the ability to produce things in a more efficient and effective manner.