The resources or inputs used in producing goods and services are called:
(a)Profits
(b)Factors of production
(c)Dividends
(d)Outputs
Factors of Production — Class 8 Social Science Practice Questions
Free practice questions for CBSE Class 8 Social Science, Chapter 7: Factors of Production, aligned with the NCERT textbook Exploring Society: India and Beyond (Grade 8, Part 1). Pick the marks and difficulty you want and download a printable PDF worksheet with an answer key — free, with no login and no ads.
230 questions87 MCQs20 True/False8 Assertion–Reason10 Case-based35 × 2 marks30 × 3 marks15 × 4 marks15 × 5 marks
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Topics covered
- Interconnection of Factors (28)
- Entrepreneurship (25)
- Technology (25)
- Capital (23)
- Production & Enterprises (20)
- Facilitators of Human Capital (20)
- Challenges & Demographic Dividend (20)
- Responsibilities of Producers (20)
- India's Skill Heritage (19)
- Labour & Human Capital (15)
- Land (5)
Sample questions with answers
Show answer
(b) Factors of production
Which of these is NOT one of the four factors of production?
(a)Land
(b)Capital
(c)Labour
(d)Technology
Show answer
(d) Technology
Technology is a facilitator/enabler; the four factors are land, labour, capital and entrepreneurship.
Technology is a facilitator/enabler; the four factors are land, labour, capital and entrepreneurship.
State whether True or False: Every product goes through a production process before it reaches us.
Show answer
True
Assertion (A): Healthy workers are more productive.
Reason (R): Good health lets workers give their best physically and mentally and not miss work due to illness.
Reason (R): Good health lets workers give their best physically and mentally and not miss work due to illness.
(a)Both Assertion (A) and Reason (R) are true, and R is the correct explanation of A.
(b)Both Assertion (A) and Reason (R) are true, but R is not the correct explanation of A.
(c)Assertion (A) is true, but Reason (R) is false.
(d)Assertion (A) is false, but Reason (R) is true.
Show answer
(a) Both Assertion (A) and Reason (R) are true, and R is the correct explanation of A.
Name the four factors of production. Which facilitator is also mentioned?
Show answer
Land, labour, capital and entrepreneurship. Technology is the facilitator.
Explain the four factors of production with one example each.
Show answer
(1) Land: natural resources — Ratna's space, water, vegetables.
(2) Labour: physical and mental effort — cooks and helpers.
(3) Capital: money and human-made assets — kitchen equipment, bank loan; Entrepreneurship: Ratna's idea, risk and planning combining all factors.
(2) Labour: physical and mental effort — cooks and helpers.
(3) Capital: money and human-made assets — kitchen equipment, bank loan; Entrepreneurship: Ratna's idea, risk and planning combining all factors.
Read the passage and answer the questions that follow.
Meet Ratna, who runs a small restaurant named Pause Point, on the city outskirts. Popular among highway travellers, Pause Point is growing with a team of seven people. When she started five years ago, she had to choose a location, organise money for rent and equipment, hire staff, buy ingredients, and plan how to make her dream a success.
(i) Which factor of production is represented by her seven helpers? [1 mark]
(ii) Which factor is the money for rent and equipment? [1 mark]
(iii) Which factor does Ratna herself represent and why? [2 marks]
Meet Ratna, who runs a small restaurant named Pause Point, on the city outskirts. Popular among highway travellers, Pause Point is growing with a team of seven people. When she started five years ago, she had to choose a location, organise money for rent and equipment, hire staff, buy ingredients, and plan how to make her dream a success.
(i) Which factor of production is represented by her seven helpers? [1 mark]
(ii) Which factor is the money for rent and equipment? [1 mark]
(iii) Which factor does Ratna herself represent and why? [2 marks]
Show answer
(i) Labour.
(ii) Capital.
(iii) Entrepreneurship — she had the idea, took risks and combined land, labour and capital to run the business.
(ii) Capital.
(iii) Entrepreneurship — she had the idea, took risks and combined land, labour and capital to run the business.
Explain the four factors of production in detail with examples.
Show answer
(1) Land: natural resources — soil, forests, water, air, sunlight, minerals, oil, gas; bought or rented.
(2) Labour: physical and mental effort — farmers, carpenters, teachers, doctors; human capital is the skill and knowledge behind it.
(3) Capital: money and human-made assets — machinery, tools, vehicles, carts, computers, factories; from savings, loans, stock market.
(4) Entrepreneurship: idea, risk-taking, combining factors, decision-making — e.g., Ratna, J.R.D. Tata.
(5) Technology: enabler helping produce more with fewer inputs.
(2) Labour: physical and mental effort — farmers, carpenters, teachers, doctors; human capital is the skill and knowledge behind it.
(3) Capital: money and human-made assets — machinery, tools, vehicles, carts, computers, factories; from savings, loans, stock market.
(4) Entrepreneurship: idea, risk-taking, combining factors, decision-making — e.g., Ratna, J.R.D. Tata.
(5) Technology: enabler helping produce more with fewer inputs.
All Class 8 Social Science chapters
- Ch 1Natural Resources and Their Use218 Qs
- Ch 2Reshaping India’s Political Map255 Qs
- Ch 3The Rise of the Marathas271 Qs
- Ch 4The Colonial Era in India265 Qs
- Ch 5Universal Franchise and India’s Electoral System241 Qs
- Ch 6The Parliamentary System: Legislature and Executive246 Qs
- Ch 7Factors of Production230 Qs
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