Q. Which of the following is a semi-durable good? Radio Clothes Milk Petrol Answer: Clothes

Q. Food processor used by the households in their kitchen is an example of: capital goods intermediate goods consumption goods none of these Answer: consumption goods

Q. If a car is purchased by a taxi-operator, it will be regarded as a: capital good intermediate good final good both 1 and 3 Answer: both 1 and 3

Q. T.V, radio, washing machine, etc,. are examples of: durable consumer goods semi-durable consumer goods single use consumer goods capital goods Answer: durable consumer goods

Q. In the production of sugar, sugarcane is: a final good a capital good an intermediate good none of these Answer: an intermediate good

Q. Capital goods are those goods: which are used in the production process for several years which are used in the prodcution process for few years which involve depreciation losses both 1 and 3 Answer: both 1 and 3

Q. Those goods which satify human wants directly are called: intermediate goods consumer goods capital goods none of these Answer: consumer goods

Q. Classification of goods depend on the: consumption of goods production of goods first – use of goods end -use of goods Answer: end -use of goods

Q. Final goods are used by the: consumers producers government all of these Answer: all of these