CBSE Questions for Class 9 Economics The Story Of Village Palampur Quiz 3 - MCQExams.com

Why is consumption important to economic activity?
  • Consumption is inevitable
  • It is a part of the process
  • It indicates the standard of living of people
  • None of the above
Which of these is not one of the features of labour as a factor of production.
  • Perishable
  • Mobility
  • Uniformity in productivity
  • All
Which of the following is considered production in economics?
  • Painting a picture for pleasure
  • Preventing a child from falling into a man-hole on the road
  • Singing a song before friends
  • Tilling of soil
According to _____, "Production is a process by which goods and services are created".
  • Alfred Marshall
  • Adam Smith
  • Edward Buffa
  • George Bernard Shaw
Which city will get India's first 'freight village'?
  • Varanasi
  • Jaipur
  • Bengaluru
  • Kolkata
Which of the following is the main source of irrigation in India?
  • Tubewells
  • Canal
  • Tanks
  • Rivers
The factors of production may be defined as resources which help the firms to produce goods or services.
  • True
  • False
X a software engineer, has a high value of marginal productivity because X is 
  • More skilled
  • Is highly paid
  • Delivers high value products and service
  • All the three
Which of the following is not a factor input?
  • Raw material
  • Labour
  • Land
  • Wages
Which of these activity(ies) is/are excluded from production?
  • Self-consumption of goods and services
  • Export of goods and services
  • An artist staging performance on Independence day for payment
  • Services of a domestic servant
Which of the following cannot be treated as factor of production?
  • Entrepreneurship
  • Capital
  • Profit
  • Land
In Economics, Production Activity should involve _____________________.
  • Creation of new matter
  • Addition of value to existing matter
  • Both (a) and (b)
  • Neither (a) nor (b)
Production includes ____________________.
  • Mining
  • Manufacturing
  • Service providing
  • All of above
Increased production of ___________ would lead to higher production output in future.
  • consumer goods
  • capital goods
  • agricultural goods
  • public goods
Production of Cellphones by a Manufacturing Company is an example of Production Activity. This statement is -
  • True
  • False
  • Partially True
  • None of the above
Production = Creation of Utility. This statement is ________________.
  • True
  • False
  • Partially True
  • None of the above
Production is defined as _____________.
  • Creation of matter
  • Creation of utility in a matter
  • Creation of infrastructural facilities
  • None of these
The economic costs of production _____________.
  • includes the explicit cost of inputs plus the opportunity cost of the highest valued income or investment opportunities that are foregone.
  • includes the cost of fixed and variable production inputs.
  • includes the explicit cost of inputs plus the sunk costs of assets for which there are no alternative uses.
  • excludes the explicit cost of inputs but includes the opportunity costs of the highest valued income or investment opportunities that are foregone.
Which of these is a Production Activity?
  • Sale of Apples and Mangoes
  • Sale of Crackers during Festival Season
  • Distributing Water Packets in a temple festival
  • All of the above
Which of the following statements is true regarding production?
  • The services of a doctor are considered production.
  • Man can create matter.
  • The services of a housewife are considered production.
  • When a man creates a table, he creates matter.
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