P.V.S 10TH WEEK 2ND TERM WEEKEND TEST

Which type of Cooperative Society is formed by consumers who buy goods in large quantities at reduced prices?

• Agricultural Cooperative Society
• Consumers Cooperative Society
• Thrift And Credit Cooperative Society
• Producers Cooperative Society

What is the reward for labour in agricultural production?

• Profit
• Interest
• Rent
• Wages and salaries

Which type of labour involves workers who lack the skills or training to perform other tasks?

• Semi Skilled Labour
• Skilled Labour
• Unskilled Labour
• Professional Labour

What is the main source of capital for agricultural businesses?

• Savings, loans, gifts from family and friends
• Donations from the community
• Family inheritance
• Government grants

What is the reward for capital in agricultural production?

• Rent
• Interest
• Wages and salaries
• Profit

What are the four essential elements or factors of production in agriculture?

• Seeds, fertilizer, machinery, pesticides
• Water, air, forest, mountains
• Land, labour, capital, management
• Animals, crops, machinery, buildings

What is the main aim of a Cooperative Society?

• To minimize costs for consumers
• To render services or distribute goods to members
• To compete with other businesses
• To maximize profits for the business

What is the unique feature of a Cooperative Society compared to other business organizations?

• Focus on maximizing profits for shareholders
• Focus on competing with other businesses
• Focus on reducing costs for consumers
• Focus on rendering services to members

Which of the following is NOT a characteristic of land as a factor of agricultural production?

• It is a free gift of nature
• It is movable
• It has no cost of production
• It is fixed in supply

Which type of labour involves workers with the highest level of knowledge and managerial skills?

• Semi Skilled Labour
• Professional Labour
• Skilled Labour
• Unskilled Labour