Question : ______ commodities are those that can be consumed more than once over a period of time.
Option 1: Non-durable consumer goods
Option 2: Producer’s goods
Option 3: Inferior goods
Option 4: Durable consumer goods
Correct Answer: Durable consumer goods
Solution : Consumer goods that last longer than three years and are used frequently over time are considered durable. Durable products include things like bicycles and refrigerators. Hence option d is the correct answer.
Question : ______ goods are goods that cannot be consumed more than once, such as milk.
Option 1: Durable consumer goods
Option 2: Inferior goods
Option 3: Non-durable consumer goods
Option 4: Producer’s goods
Question : It refers to those industries which can produce machine tools and used for producing articles for current consumption.
Option 1: Consumer goods
Option 2: Final goods
Option 3: Capital goods
Option 4: Non-durable goods
Question : Plant and machinery are
Option 1: Producer's goods .
Option 2: Consumer's goods .
Option 3: Distributor's goods
Option 4: Free goods .
Question : Bread, Milk, Readymade clothes, T.V., etc. are examples of _______ goods
Option 1: Producer goods
Option 2: Perishable goods
Option 4: Consumer goods
Question : The products that directly satisfy human demands are referred to as:
Option 2: Intermediate goods
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