Question

(4) Which of the following is not a characteristic of wealth ?
(A) Possesses usefulness
(B) Should be available in abundance
(C) Has an explicit existence
(D) is capable of being exchanged


(5) Which of the following signifies all forms of natural wealth?
(A) Capital
(B) Labour
(C) Land
(D) Money


(6) Which is not a type of trade cycle ?
(A) Irregular changes
(B) Seasonal changes
(C) Short run regular changes
(D) Long run regular changes​

Answer 1

Answer:

ANS 4: Should be available in abundance

ANS 5: Land

ANS 6: Short run regular changes

Answer 2

(4) Which of the following is not a characteristic of wealth?

The Correct Answer is...

(B) Should be available in abundance

► Wealth is defined as anything which is useful, directly or indirectly. It has an explicit existence and it is capable of being exchanged.

 

(5) Which of the following signifies all forms of natural wealth?

The Correct answer is...

(C) Land

►Land, forest, energy resources and minerals etc. are considered natural wealth, which are used as natural capital.

(6) Which is not a type of trade cycle?

The Correct Answer is...

(B  Seasonal changes)

► A  Seasonal chage;

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