Q. Which of the following leads to unexpected obsolescence? change in demandNatural calamitieschange in technologyNone of these Answer: Natural calamities

Q. Net capital formation causes: increase in production capacityincrease in depreciationincrease in profitsincrease in cost Answer: increase in production capacity

Q. Net investment is equal to: gross investment + depreciationgross investment – depreciationgross investment * depreciationgross investment / depreciation Answer: gross investment – depreciation

Q. Which of the following is a semi-durable good? RadioClothesMilkPetrol Answer: Clothes

Q. Food processor used by the households in their kitchen is an example of: capital goodsintermediate goodsconsumption goodsnone of these Answer: consumption goods

Q. If a car is purchased by a taxi-operator, it will be regarded as a: capital goodintermediate goodfinal goodboth 1 and 3 Answer: both 1 and 3

Q. T.V, radio, washing machine, etc,. are examples of: durable consumer goodssemi-durable consumer goodssingle use consumer goodscapital goods Answer: durable consumer goods

Q. In the production of sugar, sugarcane is: a final gooda capital goodan intermediate goodnone of these Answer: an intermediate good

Q. Capital goods are those goods: which are used in the production process for several yearswhich are used in the prodcution process for few yearswhich involve depreciation lossesboth 1 and 3 Answer: both 1 and 3

Q. Those goods which satify human wants directly are called: intermediate goodsconsumer goodscapital goodsnone of these Answer: consumer goods