Production, Goods, and Inputs CDS Questions

CDS Economy

Production, Goods, and Inputs MCQ Questions


1.
Which of the following is a factor of production?
A.
Land
B.
Labour
C.
Capital
D.
All of the above
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ANSWER :
D. All of the above
2.
What does COPRA stand for?
A.
Consumer Protection Act
B.
Consumer Production Act
C.
Central Protection Act
D.
Citizen's Protection Act
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ANSWER :
A. Consumer Protection Act
3.

Match the following:

List I List II
a) Labour 1.) Rent
b) Land 2.) Wages
c) Capital 3.) Profit
d) Entrepreneur 4.) Interest
A.

a-1, b-2, c-3, d-4

B.

a-2, b-3, c-4, d-1

C.

a-2, b-1, c-4, d-3

D.

a-4, b-1, c-2, d-3

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ANSWER :

C. a-2, b-1, c-4, d-3

4.
Which of these laws protects consumers in India?
A.
Consumer Act 1986
B.
Trade Act 1996
C.
Consumer Protection Act 1986
D.
Market Act 1975
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ANSWER :
C. Consumer Protection Act 1986
5.
In a short-run production function, which factor remains fixed?
A.
Labour
B.
Capital
C.
Technology
D.
Production
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ANSWER :
B. Capital
6.
What is the formula for the production function?
A.
q = f(L, K)
B.
q = L * K
C.
q = K + L
D.
q = L / K
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ANSWER :
A. q = f(L, K)