Production refers to _______.

(a)

destruction of utility

(b)

creation of utilities

(c)

exchange value

(d)

none of these

Utilities are in the nature of _______.

(a)

form utility

(b)

time utility

(c)

place utility

(d)

all of these

The most to the Gross Domestic product of our country is contributed by the __________ sector.

(a)

Tertiary

(b)

 Primary

(c)

Secondary

(d)

All the above

______________ is known as 'Father of Economics'.

(a)

Alfred Marshall

(b)

Adam Smith

(c)

Karl Mark

(d)

Amartya Sen

__________ cannot be stored.

(a)

Land

(b)

Capital

(c)

Organisation

(d)

Labour

_______means want satisfying power of a product.

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Utility

Derived factors are _______ and ______.

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Capital, Organization

_____is a fixed in supply.

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Land

____________ is more perishable than other factors of production

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Labour

'The Theory of Moral Sentiments' was written by ___________

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Adam Smith

Primary production

(1)

Adamsmith

Time utility

(2)

Food Production

Wealth of nation

(3)

Stored for future

Primary sector

(4)

Cotton Industry

Secondary sector

(5)

Fishing, mining