Physical Capital (Fixed vs Working)
Question
With reference to physical capital in Indian economy, consider the following pairs: The following table: Items Category
How many of the above pairs are correctly matched?
Options
Only one
Only two
Only three
All four
Explanation
Only pairs 2 and 4 are correct. A computer is a durable asset used over many years (Fixed capital). Petrol is consumed in a single use (Working capital). A farmer's plough is an asset used over years, making it Fixed capital, not working. Yarn is raw material consumed during production, making it Working capital, not fixed.
Answer: (b).
Question details
Year
2024
Paper
GS Paper 1
Question
Q47
Subject
Economy
Sub-topic
Macroeconomics & Growth
Type
Matching pairs
Difficulty
Medium
Nature
Static
Source hint
NCERT Economy Cl.9 Ch.1
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