Class 8 Social Science Chapter 7: Factors of Production — practice questions with answers
Free practice for Class 8 Social Science, Chapter 7: Factors of Production. Try the solved questions below, then take a free test with instant marking and explanations.
44 questions15 easy, 25 medium, 4 hardNCERT · CBSE · State boards
Sample questions with solutions
Q1. What are ‘factors of production’?
- The inputs or resources used to produce goods and services
- The final products sold
- The profits of a company
- Only the machines
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Answer: A. The inputs or resources used to produce goods and services
Why: Every product goes through a production process. [p.164]
Why: Every product goes through a production process. [p.164]
Q2. Which are factors of production? (Tick all that apply)
- Land
- Labour
- Capital
- Advertising slogans
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Answer: A. Land; B. Labour; C. Capital
Why: Entrepreneurship is the fourth; technology is a facilitator. [p.166]
Why: Entrepreneurship is the fourth; technology is a facilitator. [p.166]
Q3. In economics, what does ‘land’ include?
- All natural resources like soil, water, minerals and forests
- Only farmland
- Only buildings
- Only money
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Answer: A. All natural resources like soil, water, minerals and forests
Why: Land means natural resources. [p.166]
Why: Land means natural resources. [p.166]
Q4. Which help build human capital? (Tick all that apply)
- Education
- Training
- Good health
- Skipping school
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Answer: A. Education; B. Training; C. Good health
Why: Education and training make people more productive. [p.168, p.182]
Why: Education and training make people more productive. [p.168, p.182]
Q5. The process of learning the skills needed for a particular job is called ______.
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Answer: training
Why: Defined in the chapter. [p.168]
Why: Defined in the chapter. [p.168]
Q6. Money, machines, tools and buildings used to produce goods are called ______.
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Answer: capital
Why: Ratna used savings and a bank loan. [p.173]
Why: Ratna used savings and a bank loan. [p.173]
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How many practice questions are there for Class 8 Social Science Chapter 7: Factors of Production?
44 questions (15 easy, 25 medium, 4 hard). A few are solved on this page; the free test shows the answer and explanation for every question after you submit.
Is this chapter from the NCERT book?
Yes — it follows the NCERT Class 8 Social Science syllabus, used by CBSE and many state boards.