Question : Steel sheets used in the production of furnitures is an example of
Option 1: An intermediate good
Option 2: A final good
Option 3: An investment good
Option 4: Aconsumption good
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Correct Answer: An intermediate good
Solution : The correct option is An intermediate good.
Furniture made from steel sheets is regarded as an example of an intermediate good. Products that are used as raw materials to produce other commodities or services are referred to as intermediate goods. Instead of being sold directly to customers, firms employ them to produce finished goods that are then offered for sale to customers. In this instance, the raw materials utilized to create the furniture are steel sheets.
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Question : The value added of a firm is calculated as___________.
Option 1: value of production of the firm - value of intermediate goods used by the firm.
Option 2: value of production of the firm + value of capital goods used by the firm.
Option 3: value of production of the firm / value of intermediate goods used by the firm.
Option 4: value of production of the firm + value of intermediate goods used by the firm.
Question : Name an alkylbenzene widely used as a chemical intermediate in the production of phenol.
Option 1: Cumene
Option 2: Furan
Option 3: Styrene
Option 4: Toluene
Question : Of the following commonly used materials, the one that is not an alloy is
Option 1: Steel
Option 2: Brass
Option 3: Bronze
Option 4: Copper
Question : The industry having the largest investment in the Indian economy is:
Option 1: tea
Option 2: cement
Option 3: steel
Option 4: jute
Question : The material used in electric heater is
Option 1: Tungsten
Option 2: Nichrome
Option 3: Brass
Option 4: Steel
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