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Question (11)

QN0021886

A machine costs ₹2,00,000. Annual maintenance costs ₹8,000. What percentage of the machine's value is spent on maintenance?

(A) 2%
(B) 3%
(C) 4%
(D) 5%

Correct Answer: C

Explanation:

(8000/200000) × 100 = 4%.

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Question (12)

QN0021887

Which factor of production receives interest as its reward?

(A) Labour
(B) Capital
(C) Land
(D) Entrepreneur

Correct Answer: B

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Question (13)

QN0021888

Providing a safe workplace is a responsibility towards:

(A) Labour
(B) Land
(C) Capital
(D) Consumers

Correct Answer: A

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Question (14)

QN0021889

A farmer spends ₹15,000 on soil conservation and earns ₹75,000 from farming. Conservation cost is what percentage of earnings?

(A) 10%
(B) 15%
(C) 20%
(D) 25%

Correct Answer: C

Explanation:

(15000/75000) × 100 = 20%.

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Question (15)

QN0021890

Which responsibility helps preserve natural resources?

(A) Sustainable use
(B) Resource wastage
(C) Over-exploitation
(D) Pollution

Correct Answer: A

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Question (16)

QN0021891

A factory earns ₹3,00,000. It pays ₹1,20,000 as wages, ₹60,000 as rent, and ₹30,000 as interest. What remains as profit?

(A) ₹80,000
(B) ₹90,000
(C) ₹1,00,000
(D) ₹1,10,000

Correct Answer: B

Explanation:

₹3,00,000 − ₹1,20,000 − ₹60,000 − ₹30,000 = ₹90,000.

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Question (17)

QN0021892

Which factor of production is protected when equipment is regularly serviced?

(A) Land
(B) Labour
(C) Capital
(D) Entrepreneur

Correct Answer: C

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Question (18)

QN0021893

The responsibility of ensuring timely payment of wages belongs mainly to:

(A) Landowners
(B) Workers
(C) Entrepreneurs
(D) Consumers

Correct Answer: C

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Question (19)

QN0021894

A company employs 30 workers and spends ₹1,80,000 monthly on wages. What is the average wage per worker?

(A) ₹5,000
(B) ₹6,000
(C) ₹7,000
(D) ₹8,000

Correct Answer: B

Explanation:

₹1,80,000 ÷ 30 = ₹6,000.

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Question (20)

QN0021895

Which of the following best reflects responsibility towards all factors of production?

(A) Maximising waste
(B) Neglecting resources
(C) Using resources efficiently and fairly
(D) Ignoring maintenance and welfare

Correct Answer: C

Explanation:

Efficient and fair use benefits all factors of production.

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Question (11)

A machine costs ₹2,00,000. Annual maintenance costs ₹8,000. What percentage of the machine's value is spent on maintenance?

Explanation:

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Question (12)

Which factor of production receives interest as its reward?

Explanation:

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Question (13)

Providing a safe workplace is a responsibility towards:

Explanation:

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Question (14)

A farmer spends ₹15,000 on soil conservation and earns ₹75,000 from farming. Conservation cost is what percentage of earnings?

Explanation:

Link:

Question (15)

Which responsibility helps preserve natural resources?

Explanation:

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Question (16)

A factory earns ₹3,00,000. It pays ₹1,20,000 as wages, ₹60,000 as rent, and ₹30,000 as interest. What remains as profit?

Explanation:

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Question (17)

Which factor of production is protected when equipment is regularly serviced?

Explanation:

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Question (18)

The responsibility of ensuring timely payment of wages belongs mainly to:

Explanation:

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Question (19)

A company employs 30 workers and spends ₹1,80,000 monthly on wages. What is the average wage per worker?

Explanation:

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Question (20)

Which of the following best reflects responsibility towards all factors of production?

Explanation:

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