Question : Which of the following is not an example of factor payment?
Option 1: Interest
Option 2: Wages
Option 3: Rent
Option 4: Pension
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Correct Answer: Pension
Solution : The correct option is Pension.
Factor payments are payments made to the factors of production, which are the resources used in the production of goods and services. Interest, wages, and rents are all kinds of factor payments. Factor payments are an essential concept in economics and help explain how income is distributed among different participants in the economy. But a pension is not a kind of factor payment. It serves as a form of retirement savings. Pensions can be provided by employers, governments, or individuals through private retirement accounts.
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Question : Which of the following is considered a capital expense?
Option 1: Pension
Option 2: Payment of salaries
Option 3: Subsidies
Option 4: Construction of school buildings
Question : Which of the following is an example of a Cartel?
Option 1: OPEC
Option 2: IMF
Option 3: WTO
Option 4: UNO
Question : Which among the following is an abiotic factor ?
Option 1: Mites
Option 2: Moisture
Option 3: Insects
Option 4: Rodents
Question : Which one of the following is not a major abiotic Factor?
Option 1: Temperature
Option 2: Water
Option 3: Light
Option 4: Air
Question : Which one of the following is not the example of planetary winds ?
Option 1: Doldrums.
Option 2: Trade wind
Option 3: Polar easterlies
Option 4: Chinook
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