Every question from this NCERT chapter, with a detailed explanation.
Consider the following statements regarding Physical Capital: 1. It is the variety of inputs required at every stage during production. 2. Physical capital consists only of fixed assets like machines and excludes raw materials. 3. Money in hand is considered working capital as it is used for day-to-day payments. Which of the following statements are correct ?
Every production is organised by combining which of the following factors? 1. Land 2. Labour 3. Physical Capital 4. Human Capital
Consider the following statements regarding traditional farming methods used till the mid-1960s: 1. The seeds used were traditional ones with relatively low yields. 2. Farmers relied exclusively on chemical fertilizers for traditional farming. 3. Traditional seeds required less irrigation compared to High Yielding Variety seeds. Which of the following statements are correct ?
Which of the following is a characteristic of High Yielding Variety (HYV) seeds?
Consider the following statements regarding the factors of production: 1. Tools, machines, and buildings are considered fixed capital. 2. Raw materials and money in hand are classified as fixed capital. 3. Human capital refers to the knowledge and enterprise required to put together land, labour, and physical capital. Which of the following statements are correct ?
Consider the following statements regarding Modern Farming Methods and the Green Revolution: 1. High Yielding Variety (HYV) seeds required less water compared to traditional seeds. 2. HYV seeds needed chemical fertilizers and pesticides to produce the best results. 3. Farmers of Punjab, Haryana, and Western Uttar Pradesh were the first to try out the modern farming method in India. Which of the following statements are correct ?
Match List I with List II and select the correct answer using the code given below: List I (Item) | List II (Classification) A. Tractor | 1. Working Capital (Raw Material) B. Clay for Potter | 2. Fixed Capital C. Money to buy seeds | 3. Working Capital (Money in hand) D. Knowledge to organize production | 4. Human Capital
In the context of agricultural production, the term "Yield" is measured as:
With reference to the environmental impact of modern farming methods, consider the following 1. The Green Revolution is associated with the loss of soil fertility due to increased use of chemical fertilizers. 2. The use of tubewell irrigation has had no impact on the groundwater table. 3. Environmental resources like soil fertility are easily replenished within a single crop cycle. Which of the following statements are correct ?
Which of the following items are classified as "Working Capital" in production?
The practice of growing more than one crop on a piece of land during the year is known as:
Which factor of production is described as the "knowledge and enterprise" needed to put together land, labour, and physical capital?
In economics, which of the following constitutes fixed capital used in the production process?
Which of the following correctly explains the concept of working capital in economics?
In the process of textile production, the yarn used by a weaver is classified as:
Consider the following statements regarding labour as a factor of production in villages: 1. Labour is the scarcest factor of production in Indian villages. 2. There are many people willing to work as farm labourers, but opportunities are limited. 3. Wages for farm labourers are often low due to heavy competition for work. Which of the following statements are correct ?
Why are small farmers put to great distress while repaying loans? 1. Because they borrow from informal sources like moneylenders and large farmers. 2. The rate of interest on loans from moneylenders is typically lower than bank rates. 3. Small farmers usually have large surpluses to repay loans easily. Which of the following statements are correct ?
Consider the following statements distinguishing Multiple Cropping and Modern Farming Methods: 1. Multiple cropping relies on growing more than one crop on a piece of land during the year. 2. Modern farming methods rely exclusively on traditional seeds and natural manure. 3. Both methods aim to increase production from the same piece of land. Which of the following statements are correct ?
With reference to the sustainability of land, why is the depletion of the water table a concern? 1. Groundwater is a resource that can be replenished instantly with a single rainfall. 2. Because once destroyed, it is very difficult to restore. 3. Overuse of groundwater can threaten the future sustainability of agriculture. Which of the following statements are correct ?
What are the essential requirements for the expansion of non-farm activities in villages? 1. Availability of loans at low rates of interest. 2. Non-farm activities can only succeed if there are no markets nearby. 3. Setting up non-farm activities requires large tracts of agricultural land. Which of the following statements are correct ?