Multiple Choice Questions on Identify which of the following statements is true ........ for Common University Entrance Test (CUET) Preparation

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Multiple Choice Questions

Identify which of the following statements is true ........

Economics (CUET) National Income Accounting
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    Identify which of the following statements is true:

     

    Durable goods get transformed in the production and consumption process.
     

    Incorrect Answer

    More sophisticated and heavy capital goods raise the ability of a labourer to produce goods.
     

    Correct Answer

    Intermediate goods do not pass through any more stages of production.
     

    Incorrect Answer

    Final goods refers to that good which is purchased for the purpose of further production/resale.
     

    Incorrect Answer
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    Explanation:

    Option (2) is correct.

    Explanation: More sophisticated and heavy capital goods that raise the ability of a labourer to produce goods includes heavy machineries. These heavy and sophisticated machineries reduce the time taken by labourer.

     

    By: Parvesh Mehta
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