Grace college of education padanthalumoodu

Name :Greeshma suresh c.s

Name of the school :GHSS kollemkodu

Class : 7

Name of student:

Date :

(TICK the correct answer in the following question)

1) Production refers to
a) Destruction of utility b) exchange value c) creation of utility d) all of these
2) Utilities are in the nature of
a) Form utility b) time utility

C) place utility d) all of these

3)primary factors are

a) land , capital b) capital, labour

C) land , labour d) none of these

4)The entrepreneur is also called

a) exchanger b) agent

c) organizer d) communicatir

5) want satisfying power of a product is called

a) utility b) Production

C) labour d) capital

6) _________ is a fixed in supply

a) land b) capital

C) labour d) product

7) what is the another name of secondary factors of production

a) derived factors of production b) primary factors of production

8) derived factors are _______ and ________

a) capital and organization b ) land and labour c) capital and labour d ) land and capital

9 ) _______ is the human input in production process

a) Labour b) capital
c)land d) none of these

10) _________ is the man made physical goods used to produce other goods and service
a) capital b) land

C) labour d) organizer

11) agriculture is the example of

a) primary production b) secondary production c) tertiary production

12) banking is the example of

a) Primary production b) secondary production c) tertiary production

13 ) primary factors of production are

a) Land and labour b) capital and organization c) labour and organization d) none of these

14) capital and organization are the factors of

a) secondary factors of production

b) primary factors of production

15) The concept of “ Division of labour “ was introduced by

a) Adam Smith b) Rousseau

c) Karl max d) none of these

16 ) Division of labour means

a) Dividing the process of production

b) Creating the output of production
c) Distribution of utility
d) None of these

17) bank deposit, shares are the example of

a) physical capital b) money capital

c) human capital d) none of these

18) How many kinds of capital

a) 1 b) 3 c) 5 d) 0

19 ) if the commodity is stored for future usage is called

a) Time utility b) form utility

C) place utility d) Production

20) capital is a __________ factors of production

a) human b) passive

C) primary d) labour

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