Question : Which of the following are consumer semi-durable goods?
Option 1: Cars and television sets
Option 2: Milk and Milk products
Option 3: Foodgrain and other food products
Option 4: Electrical appliances like fans and electric irons
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Correct Answer: Foodgrain and other food products
Solution : The correct answer is Food grain and other food products.
Semi-durable goods are those that are neither unbreakable nor long-lasting. They belong to a group that includes both durable and nondurable goods. Clothes, food grains and other food products are examples of semi-durable goods.
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Question : Final goods are divided into:
Option 1: raw materials and semi-finished goods
Option 2: single goods and composite goods
Option 3: consumption goods and capital goods
Option 4: war goods and civilian goods
Question : Consumer's surplus is the highest in the case of :
Option 1: Durable goods.
Option 2: Luxuries .
Option 3: Comforts .
Option 4: Neccessities .
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 : The Ministry of Consumer Affairs, Government of India, unveiled guidelines titled 'Endorsements Know-Hows?' That are meant for____________.
Option 1: junk food producers
Option 2: instant food producers
Option 3: consumers of products
Option 4: social media influencers
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