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Understanding Economic Development

Class 10 · Economy

Ch 3 · Money and Credit

Real UPSC Prelims questions from 2016–2026, linked to this book. Try each one first, then open the answer. 2026 answers follow UPSC's provisional answer key.

Prelims 2024 · Q47

With reference to physical capital in Indian economy, consider the following pairs:

Items : Category

1.Farmer's plough : Working capital
2.Computer : Fixed capital
3.Yarn used by the weaver : Fixed capital
4.Petrol : Working capital

How many of the above pairs are correctly matched?

(a)Only one
(b)Only two
(c)Only three
(d)All four

Show answer

UPSC's answer: (b)

NCERT answers it: Class 10 Understanding Economic Development, Ch 3 (Money and Credit).

How to solve it with NCERT: Class 10 Understanding Economic Development, ch 3, separates working-capital needs (seeds, fertilisers, raw materials like cloth) from assets (sewing machine, handlooms). A plough and a computer are durable assets, so fixed capital. Yarn and petrol are used up in production, so working capital. Pairs 2 and 4 are right. Answer (b).

Hindi version: UPSC's official question paper (2024), question 47 ↗

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