Classify the into consumer, intermediate or capital goods. Fertil… - Vidyadip

Question

Classify the into consumer, intermediate or capital goods.
Fertilizer used by a farmer.

✓

Answer

Intermediate goods.
Reason: As fertilizer is used for further production during the same year.

Need a full question paper?

Generate a complete, print-ready paper with questions like this in minutes — across 16+ boards, with answer keys.

Start Generating Free

Explore more

More "2 Marks Question" from Introduction→Introduction — all question types→Economics STD 12 Humanities & Commerce question papers→Rajasthan Board STD 12 Humanities & Commerce question papers→Rajasthan Board question paper generator→

Similar questions

Explain how 'distribution of gross domestic product' is a limitation in taking gross domestic product as an index of welfare.

If the Nominal GDP is Rs. 1200 and Price Index (with base = 100) is 120, calculate Real GDP.

Explain issue of currency function of Central Bank.

Giving reasons, classify the following into direct and indirect tax:

Wealth tax.
Value added tax.
Entertainment tax.
Income tax.

What is supply? Explain the effect of technological progress on supply of a good.

Explain the central problem “what to produce.”

If the income of a consumer increases, discuss briefly its likely impact on the demand for a normal good, Good X.

Giving reasons explain how should the following be treated in estimation of national income:

Payment of corporate tax by a firm.
Purchase of machinery by a factory for own use.
Purchase of uniforms for nurses by a hospital.

What are the functions of a foreign exchange market?

Giving reasons, state whether the following statements are true or false:

Value added tax is a direct tax.
Subsidies are treated as revenue expenditure.
Borrowings from public are treated as revenue receipts.
Revenue deficit is a part of fiscal deficit.