Q 12 Read the following statement (1) Tools, machines, building can be used in production over many year, and are called fixed capital. (2) Farming is the main production activity in Palampur. (3) Raw materials and money in hand are working capital. Which of the following statement is correct ANS. (A) 1, 2 and 3 (b) 1 only (c) 1 and 3 (d) none of these
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A- 1,2,3 is the answer
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