Question 1 - Match the following - Chapter 1 Class 9 Economics - The Story of Village Palampur - Economics

Last updated at April 16, 2024 by

Match the following

Column I

Column II

  1. Physical Capital
  2. Fixed Capital
  3. Working Capital 
  4. Human Capital
  1. Can be used over many years
  2. Skills and productive knowledge
  3. Inputs required during production
  4. Raw material

Options:

  1. (a) – (iii), (b) – (i), (c) – (iv), (d) – (ii) 
  2. (a) – (ii), (b) – (iii), (c) – (i), (d) – (iv) 
  3. (a) – (iv), (b) – (i), (c) – (iii), (d) – (ii) 
  4. (a) – (iii), (b) – (ii), (c) – (iv), (d) – (i) 

Answer: 

Let’s check all the options:

  1. Physical capital matches with (iii) inputs required during production.
  2. Fixed capital matches with (i) can be used over many years .- Fixed capital includes tools, machines, buildings which can be used over many years.
  3. Working capital matches with (iv) raw material- Production requires a variety of raw materials such as the yarn used by the weaver and the clay used by the potter. Also, some money is always required during production. 
  4. Human capital matches with (ii) skills and productive knowledge.- Knowledge and enterprise to be able to put together land, labour and physical capital and produce an output. 

So, the correct answer is (a): (a) – (iii), (b) – (i), (c) – (iv), (d) – (ii)

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