MCQ Chapter 7 Factors of Production Class 8 Social Science CBSE Board Advertisement 1. What are the four main factors of production discussed?Land, labor, capital, entrepreneurshipLand, labor, technology, skillCapital, entrepreneurship, knowledge, resourcesLabor, machinery, land, innovationQuestion 1 of 202. In economics, what does 'land' include besides geographical land?Machinery and toolsNatural resources like soil, water, and mineralsFinancial assetsSkilled laborQuestion 2 of 203. What role does labor play in production?Managing business financesProviding physical and mental effortInnovating new productsSupplying raw materialsQuestion 3 of 204. What is human capital?Financial resources for businessesMachinery used in productionSpecialized skills, knowledge, and expertiseNatural resources like water and mineralsQuestion 4 of 205. Which is a key facilitator of human capital?Natural resourcesEducation and trainingFinancial loansHeavy machineryQuestion 5 of 206. How does good health support human capital?By reducing training needsBy increasing financial capitalBy supporting cognitive development and productivityBy replacing educationQuestion 6 of 207. What Japanese concept means 'continuous improvement'?DividendKaizenProductivityEntrepreneurshipQuestion 7 of 208. What is the adult literacy rate for males in India as of 2023?70%75%80%85%Question 8 of 209. What does the demographic dividend refer to?Benefits from advanced technologyBenefits from a large elderly populationBenefits from a large number of young, working peopleBenefits from increased natural resourcesQuestion 9 of 2010. In economics, what is considered capital?Natural resources like landAny asset, physical or financial, used to produce goods and servicesThe skills of workersEntrepreneurial ideasQuestion 10 of 2011. How did Ratna cover the shortfall in funds for her restaurant?Sold shares in the stock marketTook a loan from a bankUsed only family savingsReceived government grantsQuestion 11 of 2012. What is a dividend in the stock market?Interest paid on loansSalary for workersMoney paid regularly to shareholders from profitsCost of renting landQuestion 12 of 2013. What does entrepreneurship involve?Operating machineryProviding natural resourcesStarting a business to solve a problemManaging existing businesses onlyQuestion 13 of 2014. Who was J.R.D.Tata?A political leaderA scientistAn entrepreneur and head of the Tata GroupA teacherQuestion 14 of 2015. What award was J.R.D.Tata given in 1992?Bharat RatnaNobel PrizePadma ShriNational Entrepreneurship AwardQuestion 15 of 2016. What is technology in the context of production?Physical laborFinancial resourcesApplication of scientific knowledgeNatural resourcesQuestion 16 of 2017. Which is a modern technological advancement mentioned?PulleysUnified Payments Interface (UPI)WheelbarrowsHandwritten lettersQuestion 17 of 2018. What is the purpose of the SWAYAM platform?Offering loans for startupsSelling mobile phonesProviding online courses for learningFinding job opportunitiesQuestion 18 of 2019. What does the National Career Service portal provide?Free educationJob opportunities across sectorsLoans for businessesStock market sharesQuestion 19 of 2020. Which sector is labor-intensive?Satellite productionAgricultureSemiconductor manufacturingPetrochemical plantsQuestion 20 of 20 Loading...
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