Question

Short Questions [ 3 Markers ]

Q.1 What is physical capital? Explain its different types.
Q.2 What are the difficulties faced by small farmers due to lack of capital?
Q.3What are economic activities? How are they classified?
Q.4 Why is human resources superior to any other resource? Explain with the help of three
arguments.
Q.5 What are the dimensions of poverty?
Q.6 Why do we need 'food security'?
Long Questions (5Markers]

(Q.1 Explain five methods by which production on the same piece of land can be increased.
Q.2) Increase in unemployment is an indicator of a depressed economy." Do you agree with this
statement? Support your answer by giving arguments.
Q. Write a note on any four programmes that have been developed for the eradication of poverty
in India.
0.4 How did India aim self-sufficiency in food grains after independence?
(0.5 Who are food insecure people in India? What is their social composition? Explain.​

Answer 1

Answer:

Physical Capital is the variety of inputs required at every stage during production. Physical Capital is of two types: (i) Fixed Capital: Tools, machines and building etc. are called Fixed Capitals. ... In this way, raw materials and money in hand is called working capital.