Tag: economy of a village

Questions Related to economy of a village

Which of the following is not true?

economics the story of village palampur farming and non-farming activities in village non - economic activities economy of a village

  1. Rural women have started using LPG as fuel

  2. 2001 census shows that in rural India only 56% households have an electricity connection

  3. About 90% of the rural households use biofuels for cooking

  4. Tap water availability is limited to only 24% rural households

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Correct Option: A

Which city will get India's first 'freight village'?

economics the story of village palampur farming and non-farming activities in village non - economic activities economy of a village

  1. Varanasi

  2. Jaipur

  3. Bengaluru

  4. Kolkata

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Correct Option: A
Explanation:

A ‘Freight Village’ refers to a specialised industrial estate that attracts those companies which are in requirement of logistics services and can cluster to improve their competitiveness. In this connection, the city of Varanasi will get the country’s first ‘freight village’. It is spread over around 100 acres.
Thus, the correct answer is A.

For purchasing the seeds, fertilizers etc the loan distributed is called

economics the story of village palampur farming and non-farming activities in village non - economic activities economy of a village

  1. Short Term loan

  2. long term loan

  3. medium term loan

  4. none of these

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Correct Option: C
Explanation:

Medium-term loans are the type of loans with a repayment period that lasts between two and five years. These are given for the purpose of financing of professional equipment which is needed for production or service provision activities, thus including safety or environmental protection. Thus, for purchasing the seeds, fertilizers etc. The loan distributed is called medium-term loan.

Thus, the correct answer is C.

Choose the correct answers from the alternatives given.
In India, agriculture income is calculated by _______________.

economics the story of village palampur farming and non-farming activities in village non - economic activities economy of a village

  1. Output Method

  2. Input Method

  3. Expenditure Method

  4. Commodity flow method

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Correct Option: A
Explanation:

In India agriculture, forestry and logging, fishing mining and quarrying, registered manufacturing and construction units are included in category.A. The output method is applied to category A. The value added by this category is found by subtracting the value of raw materials and other inputs from the aggregate of commodity-wise output
Expenditure method- This method measures the National income sum total of final expenditure incurred by household, business firm. Govt. and Foreigners
Commodity flow method: This method is used to estimate the purchase of commodities by intermediate or final users. This method generally begins with an estimate of the total supply of a commodity available for domestic users.

The manufactured goods are called _______.

economics concept of consumption function, saving function and investment function capital economy of a village wealth, capital and money

  1. physical capital

  2. consumers

  3. utility

  4. labour

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Correct Option: A
Explanation:

Manufactured goods such as machinery, buildings, or computers, etc.,  are called the physical capital. In economic theory, physical capital is one of the three primary factors of production.

"All those man-made goods which are used in further production of wealth." This is the definition of _________.

economics concept of consumption function, saving function and investment function capital economy of a village wealth, capital and money

  1. goods

  2. production

  3. capital

  4. labour

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Correct Option: C
Explanation:

Capital can be used over a long period of time. When used efficiently over a long period of time it will generate wealth for the entrepreneur. 

Money, fuels, etc. are the examples of _________ capital.

economics concept of consumption function, saving function and investment function capital economy of a village wealth, capital and money

  1. trade capital

  2. fixed capital

  3. sunk capital

  4. floating capital

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Correct Option: D

Capital which is invested in the private sector or by people privately is known as ____________.

economics concept of consumption function, saving function and investment function capital economy of a village wealth, capital and money

  1. public capital

  2. private capital

  3. national capital

  4. international capital

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Correct Option: B
Explanation:

Private capital refers to that capital which is invested in the private sector or by people privately. This capital is used to generate income for the people operating in the private sector.

_________ capital includes all the private and public capital in a country.

economics concept of consumption function, saving function and investment function capital economy of a village wealth, capital and money

  1. Internal

  2. External

  3. National

  4. International

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Correct Option: C
Explanation:

National capital is the total capital in the country. It includes all the public capital as well as the privately owned capital in the economy.

When the capital of a country is used within its territory, it is called __________.

economics concept of consumption function, saving function and investment function capital economy of a village wealth, capital and money

  1. external capital

  2. internal capital

  3. ntional capital

  4. international capital

Show answer
Correct Option: B
Explanation:

When the capital formed in a country is used within the domestic boundary of the country for any production process, it is known as internal capital.