Chapter 4 FACTORS OF PRODUCTION MCQs 15 min Score: 0 Attempted: 0/15 Subscribe 1. . Number of factors of production are? (A) Two (B) Four (C) Six (D) EightShow All Answers 2. . Reward of land is called? (A) Freight (B) Price (C) Rent (D) InterestShow All Answers 3. . An ancient and most important factor of production is: (A) Land (B) Labour (C) Capital (D) OrganizationShow All Answers 4. . It is not include in natural resources: (A) Rain (B) Air (C) Sunlight (D) MoneyShow All Answers 5. . Supply of land is: (A) Less flexible (B) Variable (C) Unlimited (D) FixedShow All Answers 6. . It is non-transferable but rights of ownership may be changed: (A) Land (B) Labour (C) Capital (D) OrganizationShow All Answers 7. . This is gift of God. (A) Organization (B) Capital (C) Labour (D) LandShow All Answers 8. . This is reward of labour: (A) Profit (B) Wages (C) Interest (D) RentShow All Answers 9. . This is physical and mental effort: (A) Land (B) Labour (C) Capital (D) OrganizationShow All Answers 10. . The labour of a professor is called: (A) Physical (B) Mental (C) Machinery (D) NoneShow All Answers 11. . The part of wealth which is used to produce more wealth is called: (A) Land (B) Labour (C) Capital (D) OrganizationShow All Answers 12. . The factor of production makes policy about process of production: (A) Land (B) Labour (C) Capital (D) OrganizationShow All Answers 13. . Machinery, raw material, building, tools and factories are called? (A) Part of land (B) Savings (C) Capital (D) NoneShow All Answers 14. . Reward of organization is: (A) Salary (B) Scholarship (C) Profit (D) TaxShow All Answers 15. . Who distributes rewards of factor of production? (A) Land (B) Labour (C) Capital (D) OrganizationShow All Answers