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)
Which one of the following comes under factors of production?
land
national income
consumption
Per capita income
Production of any good needs a set of factors of production materials or services that helps in production are called
factors of production
Distribution
capital
Which one of the following commodities are produced by farmers?
textiles
vessels
baskets
foodgrains
Which one of the following goods are manufactured by small scale industries?
flowers
fruits
oilseeds
The total market value of all goods and services produced in a country during a given period of time is
Percapita income
Net National Product
Gross National Product
National Income
Remuneration given for the use of capital is called
wages
interest
rent
The reward paid for enterpreneurial skills is
profits
Total Incomes received by four factors of production in an economic system during a given period of time is called
Per Capita Income
National Income at factor cost
Price paid services are called .
free services
economic services
production
