Economics - The Story of Palampur

What is the most important economic activity of the villagers?

• Farming

• Manufacturing

• Service

• All of the above

Which of the following is part of working capital?

• Raw material and land

• Raw material and building

• Raw material and money in hand

• Money in hand and labour

Which is the most abundant factor of production?

• Land

• Capital

• Entrepreneur

• Labour

Which one of the following inputs is not a working capital?

• Machine

• Raw materials

• Money

• Non of these

Which one of the following terms is used for measuring crop produced on a given piece of land during a single season?

• Yield

• Productivity

• Cultivation

• Output

Which of the following is a non-economic activity?

• A teacher teaching in a school

• A doctor caring the patient

• A mother cooking for her family

• A nurse working in a hospital

Which of the following is/are factors of production?

• Land

• Labour

• Capital

• All of the above

Where from do most of the small farmers borrow money to arrange for the capital in Palampur?

• Banks

• Co-operative societies

• Village money lenders

• Friends and relatives

Finance raised to operate a business is called:

• Labour

• Enterprise

• Land

• Capital

what is the basic constraint in raising farm production ?

• Lack of technology

• Poor irrigation facilities

• Fixed land area

• Poverty