Crack Class 10 Exams with Confidence: The Power of Practice Papers Class 10 is a turning point in every student’s academic journey. It not only prepares them for higher studies but also builds confidence for future challenges. In this journey, practice papers play a very important role . To begin with, practice papers give students a clear idea of the exam pattern . Although textbooks explain concepts, solving practice papers shows how questions are framed and what types of answers are expected. Moreover, they help in time management . Many students know the answers but fail to complete the paper on time. By attempting practice papers, they learn how to divide time wisely for each section. In addition, practice papers improve writing skills . Students often understand a topic but struggle to express it properly in exams. Therefore, writing answers repeatedly through practice papers strengthens presentation . Teachers often suggest that neat handwriting , proper diagrams ,...
Multiple Choice Questions in Class VIII for the Chapter 7 (Factors of Production) in Subject Socia Science(Economics)
****************************
Multiple Choice Questions:
1. How many primary factors of production are there?
a) Two
b) Three
c) Four
d) Five
Ans: c) Four
2. Which of the following is NOT a factor of production?
a) Land
b) Labour
c) Money
d) Entrepreneurship
Ans: c) Money
3. Which factor of production refers to all natural resources?
a) Land
b) Labour
c) Capital
d) Entrepreneurship
Ans: a) Land
4. Wages are the reward for:
a) Land
b) Labour
c) Capital
d) Entrepreneurship
Ans: b) Labour
5. Rent is the reward for:
a) Labour
b) Land
c) Capital
d) Entrepreneurship
Ans: b) Land
6. Profit is the reward for:
a) Capital
b) Labour
c) Entrepreneurship
d) Land
Ans: c) Entrepreneurship
7. Interest is the reward for:
a) Capital
b) Land
c) Labour
d) Entrepreneurship
Ans: a) Capital
8. Which of the following is an example of physical capital?
a) Factory machines
b) Knowledge
c) Manager’s skills
d) Worker’s effort
Ans: a) Factory machines
9. Human capital refers to:
a) Buildings and machines
b) Workers’ skills and education
c) Natural resources
d) Bank deposits
Ans: b) Workers’ skills and education
10. Which of the following is NOT included in land as a factor?
a) Minerals
b) Sunlight
c) Human labour
d) Forests
Ans: c) Human labour
11. Which factor is called the “driving force” of production?
a) Land
b) Labour
c) Capital
d) Entrepreneurship
Ans: d) Entrepreneurship
12. Which factor combines the other three factors of production?
a) Labour
b) Land
c) Entrepreneurship
d) Capital
Ans: c) Entrepreneurship
13. Education primarily contributes to:
a) Physical capital
b) Human capital
c) Natural resources
d) Land
Ans: b) Human capital
14. Which factor of production is considered man-made?
a) Land
b) Capital
c) Labour
d) Climate
Ans: b) Capital
15. Which of the following is an example of labour?
a) A farmer tilling the land
b) A tractor
c) A bank loan
d) A shop building
Ans: a) A farmer tilling the land
16. The income earned by capital is called:
a) Rent
b) Profit
c) Interest
d) Wages
Ans: c) Interest
17. A successful entrepreneur must have:
a) Only natural resources
b) Only money
c) Risk-taking ability and innovation
d) A government job
Ans: c) Risk-taking ability and innovation
18. Which factor is scarce and cannot be increased by humans?
a) Land
b) Labour
c) Capital
d) Entrepreneurship
Ans: a) Land
19. Which of the following is an example of human capital?
a) Literacy rate
b) Gold reserves
c) Machines
d) Fertile soil
Ans: a) Literacy rate
20. Capital formation depends on:
a) Savings and investment
b) Climate
c) Government only
d) Labour unions
Ans: a) Savings and investment
21. Which factor of production is considered passive?
a) Land
b) Labour
c) Capital
d) Entrepreneurship
Ans: a) Land
22. Which factor of production can be improved with training?
a) Land
b) Labour
c) Capital
d) Soil fertility
Ans: b) Labour
23. Physical and human capital are considered:
a) Natural resources
b) Man-made resources
c) Government-owned resources
d) Passive resources
Ans: b) Man-made resources
24. Risk-bearing is a function of:
a) Labour
b) Capital
c) Entrepreneurship
d) Land
Ans: c) Entrepreneurship
25. Which one among the following is a renewable resource?
a) Coal
b) Minerals
c) Forests
d) Oil
Ans: c) Forests
26. Which factor of production provides initiative and innovation?
a) Capital
b) Labour
c) Entrepreneurship
d) Land
Ans: c) Entrepreneurship
27. Which factor of production is most influenced by technology?
a) Land
b) Labour
c) Entrepreneurship
d) Human capital
Ans: d) Human capital
28. Which of the following is NOT an example of capital?
a) Tools
b) Money
c) Machines
d) Factory building
Ans: b) Money
29. Which factor is directly linked to productivity growth in modern economies?
a) Land
b) Labour
c) Human capital
d) Forests
Ans: c) Human capital
30. The skill of a software engineer is an example of:
a) Labour
b) Human capital
c) Physical capital
d) Entrepreneurship
Ans: b) Human capital
True / False:
-
Land as a factor of production includes all natural resources. – True
-
Wages are the reward for capital. – False
-
Entrepreneurship involves risk-taking and innovation. – True
-
Capital is considered a natural resource. – False
-
Human capital is created through education and training. – True
-
Rent is the reward for land. – True
-
Labour is both physical and mental work of humans. – True
-
Money is considered a factor of production. – False
-
The reward for entrepreneurship is profit. – True
-
All factors of production are equally scarce. – False
Fill in the blanks:
-
The four main factors of production are land, labour, capital, and ______. – Entrepreneurship
-
The income earned by land is called ______. – Rent
-
______ capital refers to education, skills, and health of people. – Human
-
Interest is the reward for ______. – Capital
-
Labour is rewarded with ______. – Wages
-
Innovation is the key role of ______. – Entrepreneurship
-
Capital is formed through ______ and investment. – Savings
-
Fertile soil and minerals are examples of ______. – Land
-
Physical capital includes machines, tools, and ______. – Buildings
-
Risk-taking in business is done by the ______. – Entrepreneur
Match the Following:
-
Land – (a) Wages
-
Labour – (b) Skills and education
-
Capital – (c) Rent
-
Entrepreneurship –(d) Interest
-
Human capital – (e) Profit
Ans: 1 → c, 2 → a, 3 → d, 4 → e, 5 → b
Assertion–Reasoning:
1.
Assertion (A): Human capital is more important than physical capital in modern economies.
Reason (R): Education and skills increase productivity and innovation.
-
a) Both A and R are true, and R explains A
-
b) Both A and R are true, but R does not explain A
-
c) A is true, R is false
-
d) Both are false
Ans: a) Both A and R are true, and R explains A
2.
Assertion (A): Land is considered an active factor of production.
Reason (R): Land is man-made and increases with human effort.
-
a) Both A and R are true, and R explains A
-
b) Both A and R are true, but R does not explain A
-
c) A is true, R is false
-
d) Both are false
Ans: d) Both are false
3.
Assertion (A): Entrepreneurship combines land, labour, and capital effectively.
Reason (R): Entrepreneurs organize production and take risks for profit.
-
a) Both A and R are true, and R explains A
-
b) Both A and R are true, but R does not explain A
-
c) A is true, R is false
-
d) Both are false
Ans: a) Both A and R are true, and R explains A
*******************************
To Learn More Click Below:
MCQs-:
Chapter-1 Natural resources and Their Use - CLICK HERE
Chapter-2 Reshaping India's Political Map - CLICK HERE
Chapter-3 The Rise of the Marathas - CLICK HERE
Chapter-4 The Colonial Era in India - CLICK HERE
Chapter-5 Universal Franchise and India’s Electoral System - CLICK HERE
Chapter-6 The Parliamentary System Legislature and Executive - CLICK HERE
Chapter-7 Factors of Production - CLICK HERE
To Learn More Click Below:
NCERT Solutions:
Chapter-1 Natural resources and Their Use - CLICK HERE
Chapter-2 Reshaping India's Political Map - CLICK HERE
Chapter-3 The Rise of the Marathas - CLICK HERE
Chapter-4 The Colonial Era in India - CLICK HERE
Chapter-5 Universal Franchise and India’s Electoral System - CLICK HERE
Chapter-6 The Parliamentary System Legislature and Executive - CLICK HERE
Chapter-7 Factors of Production - CLICK HERE< /b>
Very helpful for students.
ReplyDeleteVery helpful
ReplyDelete