MCQ Chapter 7 Factors of Production Class 8 Social Science CBSE Board Advertisement 1. Which sector is capital-intensive?HandicraftsConstructionSemiconductor chipsAgricultureQuestion 1 of 202. What can halt the production process?Advanced technologyIncreased labor availabilitySupply chain disruptionEfficient resource useQuestion 2 of 203. What is the supply chain?A network of individuals and resources for production and saleA training method for workersA type of production technologyA financial capital sourceQuestion 3 of 204. What is a business responsibility towards natural resources?Maximizing extractionUsing resources responsibly to avoid harmIncreasing pollutionIgnoring environmental concernsQuestion 4 of 205. What is a harmful effect of leather factories?Improved worker skillsPollution of rivers and soilIncreased job opportunitiesHigher profitsQuestion 5 of 206. How can businesses reduce environmental harm?Use non-recyclable materialsRecycle industrial wastewaterIncrease waste productionIgnore pollution lawsQuestion 6 of 207. What is a business responsibility towards workers?Reducing trainingProviding fair compensation and safe conditionsIgnoring workplace safetyAvoiding employee benefitsQuestion 7 of 208. What does Corporate Social Responsibility (CSR) include?Reducing employee wagesIgnoring community needsAddressing social and environmental concernsMaximizing profits onlyQuestion 8 of 209. What was unique about India’s 2014 CSR law?It banned profit-makingIt required 2% of profits for CSR activitiesIt eliminated business taxesIt mandated hiring more workersQuestion 9 of 2010. What is an ancient Indian skill mentioned?Online learningStitched shipbuildingMobile phone manufacturingDigital paymentsQuestion 10 of 2011. Why did stitched shipbuilding decline?Lack of skilled workersArrival of Europeans in the 16th centuryHigh costsModern machineryQuestion 11 of 2012. What are the Śhilpa Śhāstras?Financial planning guidesEducational textbooksAncient texts with design guidelines for sculptures and buildingsModern technology manualsQuestion 12 of 2013. What is a traditional Indian practice related to work?Selling stock market sharesWorshipping tools during Vishwakarma PujaUsing digital toolsRelying on bank loansQuestion 13 of 2014. What is the role of an entrepreneur?Operating machineryCombining factors of production to solve problemsProviding natural resourcesManaging finances onlyQuestion 14 of 2015. What motivates entrepreneurs besides profit?Avoiding taxesReducing wagesSatisfaction from realizing dreams and serving peopleIgnoring customer needsQuestion 15 of 2016. What is a startup?A government-funded organizationA large established companyAn entrepreneurial venture aiming for rapid growth with limited resourcesA non-profit charityQuestion 16 of 2017. What is an example of a capital asset?Natural resourcesMachinery and toolsWorker skillsPhysical laborQuestion 17 of 2018. How do large companies raise financial capital?Reducing salariesSelling shares in the stock marketAvoiding taxesUsing only personal savingsQuestion 18 of 2019. What is interest in the context of a loan?Money paid to shareholdersSalary for workersMoney paid by the borrower to the lender for using their moneyCost of renting landQuestion 19 of 2020. What is productivity?The cost of productionThe number of employeesThe ability to do more in a particular time periodThe amount of natural resources usedQuestion 20 of 20 Loading...
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