The reward paid for enterpreneurial skills is
rent
wages
interest
profits
Which one of the following goods are manufactured by small scale industries?
textiles
flowers
fruits
oilseeds
Which one of the following commodities are produced by farmers?
vessels
baskets
foodgrains
Which one of the following comes under factors of production?
land
national income
consumption
Per capita income
NI = R+W+I+P where as NI stands for
National Income
Net Income
Nominal Income
Net National Income
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)
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
Net National Product
Remuneration given for the use of capital is called
The total market value of all goods and services produced in a country during a given period of time is
Percapita income
Gross National Product
The services which are not paid for are known as
Free services
Economic services
Private services
Consumer services
