1. . Number of factors of production are?
(A) Two
(B) Four
(C) Six
(D) Eight
2. . Reward of land is called?
(A) Freight
(B) Price
(C) Rent
(D) Interest
3. . An ancient and most important factor of production is:
(A) Land
(B) Labour
(C) Capital
(D) Organization
4. . It is not include in natural resources:
(A) Rain
(B) Air
(C) Sunlight
(D) Money
5. . Supply of land is:
(A) Less flexible
(B) Variable
(C) Unlimited
(D) Fixed
6. . It is non-transferable but rights of ownership may be changed:
(A) Land
(B) Labour
(C) Capital
(D) Organization
7. . This is gift of God.
(A) Organization
(B) Capital
(C) Labour
(D) Land
8. . This is reward of labour:
(A) Profit
(B) Wages
(C) Interest
(D) Rent
9. . This is physical and mental effort:
(A) Land
(B) Labour
(C) Capital
(D) Organization
10. . The labour of a professor is called:
(A) Physical
(B) Mental
(C) Machinery
(D) None
11. . The part of wealth which is used to produce more wealth is called:
(A) Land
(B) Labour
(C) Capital
(D) Organization
12. . The factor of production makes policy about process of production:
(A) Land
(B) Labour
(C) Capital
(D) Organization
13. . Machinery, raw material, building, tools and factories are called?
(A) Part of land
(B) Savings
(C) Capital
(D) None
14. . Reward of organization is:
(A) Salary
(B) Scholarship
(C) Profit
(D) Tax
15. . Who distributes rewards of factor of production?
(A) Land
(B) Labour
(C) Capital
(D) Organization