Chapter 4 FACTORS OF PRODUCTION MCQs

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1. .1 Number of factors of production are?





2. .2 Reward of land is called?





3. .3 An ancient and most important factor of production is:





4. .4 It is not included in natural resources:





5. .5 Supply of land is:





6. .6 It is non-transferable but rights of ownership may be changed:





7. .7 This is gift of God.





8. .8 This is reward of labour:





9. .9 This is physical and mental effort:





10. .10 The labour of a professor is called:





11. .11 The part of wealth which is used to produce more wealth is called:





12. .12 The factor of production makes policy about process of production:





13. .13 Machinery, raw material, building, tools and factories are called?





14. .14 Reward of organization is:





15. .15 Who distributes rewards of factor of production?





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