Q. Which of the following leads to unexpected obsolescence? change in demand Natural calamities change in technology None of these Answer: Natural calamities
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Q. Net capital formation causes: increase in production capacity increase in depreciation increase in profits increase in cost Answer: increase in production capacity
Q. Net investment is equal to: gross investment + depreciation gross investment – depreciation gross investment * depreciation gross investment / depreciation Answer: gross investment – depreciation
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
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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
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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
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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
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