class 9th question answer of chapter story of village Palampur
Answers
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The Story of Village Palampur Class 9 Important Questions Social Science Economics Chapter 1
Important Questions for Class 9 Social Science Economics Chapter 1 The Story of Village Palampur
The Story of Village Palampur Class 9 Important Questions Very Short Answer Type Questions
Question 1.
What are the factors of production?
Answer:
The essential inputs which are required for the production of goods and services are known as factors of production. For example, for the production of cloth, cotton-machine, labour and technology is required.
Question 2.
Name the main production activity of Palampur.
Answer:
Farming.
Question 3.
What capital is needed as first priority to set up a jaggery manufacturing unit?
Answer:
Fixed capital.
Question 4.
Give a few examples of fixed capital.
Answer:
Tools, machines and building.
Question 5.
Name any one item of working capital.
Answer:
Money.Question 6.
Give an example of an entity which is not a part of fixed capital.
Answer:
Cash amount.
Question 7.
Give two examples of the working capital.
Answer:
Raw materials,
Money in hand.
Question 8.
What do raw materials and money in hand call?
Answer:
The working capital.
Question 9.
The clay used by a potter is an example of which type of capital?
Answer:
Working capital.
Question 10.
Why is it important to use land very carefully?
Answer:
Land is a natural resource, once destroyed it is very difficult to restore it.