Tag: natural resources- air, water and land

Questions Related to natural resources- air, water and land

As a Factor of Production, Land lacks mobility in the ________ sense.

  1. Geographical

  2. Utility

  3. Both (a) and (b)

  4. Neither (a) nor (b)


Correct Option: A

As a Factor of Production, the Supply of Land is relatively elastic from the viewpoint of ___________________.

  1. The entire economy

  2. An Individual Firm

  3. Both (a) and (b)

  4. Neither (a) nor (b)


Correct Option: B

As a Factor of Production, Land is permanent. This means that Land ___________________.

  1. Remains before and after cultivation

  2. Cannot be destroyed or lost

  3. Cannot be used for production at all

  4. None of the above


Correct Option: B

As a Factor of Production, Land is mobile across ____________.

  1. Places

  2. Uses

  3. Both (a) and (b)

  4. Neither (a) nor (b)


Correct Option: B

No two pieces of land are exactly alike in all respects. This statement is ______________.

  1. True

  2. False

  3. Partially True

  4. None of the above


Correct Option: A

If Land is used for productive purposes, its fertility is reduced. Such fertility ________________.

  1. Can be restored

  2. Cannot be restored at all

  3. Is lost forever

  4. Both (b) and (c)


Correct Option: A

As a Factor of Production, the Elasticity of Supply of Land from the viewpoint of the entire economy is ______________.

  1. Infinite

  2. Zero

  3. Positive

  4. Negative


Correct Option: B

Which category of land is rent-less land?

  1. First category of land

  2. Second category of land

  3. Third category of land

  4. Marginal land


Correct Option: D
Explanation:

Rent, for a land in the case of cultivation land, refers to the difference between the value of the produce and the cost of cultivation. Marginal land is the last grade of land cultivated whose price of produce is just equal to the cost incurred. Thus, it is a rent-less land, since the cost of cultivation is equal to the value of the produce.

Which of these is an example of Land as a Factor of Production?

  1. Agricultural Lands

  2. Forests

  3. Diamond Mines

  4. All of the above


Correct Option: D

Widely distributed hydrocarbon in the atmosphere of earth is :

  1. Butane

  2. Methane

  3. Smog

  4. PAN


Correct Option: B
Explanation:

Methane is by far the most abundant hydrocarbon constituting about 40 to 80 % of total hydrocarbons present in the urban atmosphere.

 
Hydrocarbons predominate among the atmospheric pollutants because of their widespread use in fuels.

Therefore, option B is correct.