Important Questions - Social Science - Economics
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Questions and Answers

What does HYVs refer to in agricultural terms?

  • High Yielding Varieties (correct)
  • High Yielding Volumes
  • Hybrid Yielding Variants
  • Highly Yielded Vegetables
  • Which type of capital do the materials used by potters and weavers fall under?

  • Physical Capital (correct)
  • Natural Capital
  • Working Capital
  • Human Capital
  • Which of the following best describes the Green Revolution?

  • A significant boost in crop production primarily through the use of new seeds and fertilizers (correct)
  • The introduction of mechanized farming only
  • Focus on traditional agricultural techniques
  • The practice of organic farming methods
  • What is the primary constraint in raising farm production in Palampur according to the assertion given?

    <p>Limited land area under cultivation</p> Signup and view all the answers

    What is a defining characteristic of 'Working Capital'?

    <p>Consists mainly of cash and short-term investments</p> Signup and view all the answers

    Which of the following is NOT typically considered a non-farm activity?

    <p>Dairy farming</p> Signup and view all the answers

    Which factor of production is best exemplified by knowledge and enterprise?

    <p>Human Capital</p> Signup and view all the answers

    In Palampur, crops are often grown on the same field multiple times a year. What is this practice called?

    <p>Multiple Cropping</p> Signup and view all the answers

    Which of the following is a key difference between traditional and modern farming methods?

    <p>Modern farming utilizes technology for enhanced productivity</p> Signup and view all the answers

    What are the primary assets recognized under Fixed Capital in Palampur?

    <p>Land and buildings</p> Signup and view all the answers

    Study Notes

    Important Questions - Social Science - Economics

    • Question 1: Assertion: Land is a resource with limitations. Reason: Land area available for farming is fixed.

      • Both assertion and reason are true, but the reason does not correctly explain the assertion.
    • Question 2: What does HYV stand for?

      • High-Yielding Varieties
    • Question 3: Crop system of growing more than one crop on the same field in a year.

      • This is called crop rotation.
    • Question 4: Yarn and clay in pottery fall under which type of capital?

      • Working capital
    • Question 5: Matching List I and List II

      • List I: items (Land, Fixed Capital, Working Capital, Human Capital)
      • List II: descriptions (Natural Resources, Assets, Raw Materials & Money, Knowledge & Enterprises)
      • Match land with natural resources, fixed capital with assets, working capital with raw materials and money, and human capital with knowledge and enterprises.
    • Question 6: Green Revolution - short note

      • Increase in agricultural production using modern techniques (fertilizers, pesticides, high-yield crops)
    • Question 7: Human Capital - short note

      • Skills, abilities, and knowledge of people within the workforce
    • Question 8: Surplus - short note

      • Excess production over consumption
    • Question 9: Facilities in Palampur village - account

      • Detailed description of the facilities present in Palampur village
    • Question 10: Traditional vs. Modern Farming Methods

      • Comparison of traditional and modern techniques of farming
    • Question 11: Increasing production from a fixed plot

      • Describe three ways to increase production from the same land
    • Question 12: Factors of production

      • Explanation of different factors of production
    • Question 13: Non-farm activities in Palampur

      • Details and descriptions about non-farm activities in the village

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    Description

    Test your knowledge of key concepts in Economics with this quiz. It covers essential topics such as resource limitations, crop systems, and types of capital. Perfect for students studying Social Science, this quiz will help reinforce your understanding of the subject.

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