Production of any good needs a set of factors of production materials or services that helps in production are called
factors of production
Distribution
land
capital
Total Incomes received by four factors of production in an economic system during a given period of time is called
National Income
Per Capita Income
National Income at factor cost
Net National Product
National income of India was first calculated by
V.K.R.V.Rao
Dadabai Naoroji
Dandekar
Visweswaraiya
Which one of the following are produced by large scale industries?
Dams
shoes
flowers
baskets
Which one of the following commodities are produced by farmers?
textiles
vessels
foodgrains
Match the following
a) Land -(i) Price paid services
b) National Income - (ii) Textiles
c) Small scale industries -(iii) Dadabhai Naoroji
d) Economic services -(iv) rent
(a-i , b-ii , c-iii , d-iv)
(a-ii , b-iii , c-iv , d-i )
(a-iv , b-iii , c-ii , d-i )
(a-iii , b-iv , c-i , d-ii)
The factors of production which are responsible for the production that have to be paid when they are used is called
production
consumption
distribution
capital formation
Price paid to land in the form of
labour
rent
interest
profit
Which one of the following comes under factors of production?
national income
Per capita income
Which one of the following is the price paid to labour?
wages
profits
