These Class 8 Social Science Worksheet and Class 8 SST Chapter 7 Factors of Production Worksheet with Answers are excellent for board exam practice.
Class 8 SST Chapter 7 Factors of Production Worksheet
Class 8 Factors of Production Worksheet
Worksheet On Factors of Production Class 8 – Factors of Production Worksheet Class 8
Multiple Choice Questions
Question 1.
Which of these is NOT considered a factor of production?
(a) Machinery
(b) Grocery shops
(c) Raw materials
(d) Tools
Question 2.
From where can people arrange money for their businesses?
(a) Government subsidies
(b) Library
(c) Both (a) and (b)
(d) Personal savings
Question 3.
A business can directly depend on which natural resource?
(a) Poultry
(b) Only minerals
(c) Forests full of herbs
(d) Waterbodies
Question 4.
Identify who does not play a role in the business chain.
(a) Shareholders
(b) Ownership
(c) Dividends
(d) Students
Question 5.
Which essential input does a potter use?
(a) Fertilisers
(b) Chemicals
(c) Clay
(d) Saw
Question 6.
What is the most important heed for entrepreneurship?
(a) Advice
(b) Funds
(c) Taking risks
(d) Hard work
Question 7.
Which of these areas mostly requires mental skills instead of physical strength?
(a) Crafting handlooms
(b) Pottery
(c) Agriculture
(d) Information technology
Question 8.
What special method did Indians use in maritime trade?
(a) Figuring marketing tactics
(b) Making jeweiries
(c) Stitched shipbuilding
(d) Drawing maps
Question 9.
Which of the following is NOT offered by technology?
(a) Job portals
(b) Cashless transactions
(c) Air
(d) Online learning portals
Question 10.
What does the word startup mean?
(a) Renting space for business
(b) Starting a new business
(c) Advancement in technology
(d) Upgrading tools
Assertion and Reason Questions
There are two statements marked as Assertion (A) and Reason (R). Mark your answer as per the codes provided below:
Question 1.
Assertion (A): The factors of production are closely linked to each other. Reason (R): The quantity of these factors has no impact on the quality of the product.
Codes:
(a) Both (A) and (R) are true, and R is the correct explanation of (A).
(b) Both (A) and (R) are true, but (R) is not the correct explanation of (A).
(c) (A) is true, but (R) is false.
(d) (A) is false, but (R) is true.
Question 2.
Assertion (A): Indian workers are skilled and focused on their goals.
Reason (R): Cultures and social values promote strong values such as hard work.
Codes:
(a) Both (A) and (R) are true, and R is the correct explanation of (A).
(b) Both (A) and (R) are true, but (R) is not the correct explanation of (A).
(c) (A) is true, but (R) is false.
(d) (A) is false, but (R) is true.
Fill ¡n the Blanks with the Words given ¡n the Box Below
| Environmental, Dividend, Scientific, Sustainable, Knowledge |
1. To restore natural resources, producers must follow __________ practices.
2. Technology refers to the use of __________ knowledge in real life.
3. Companies are encouraged to take care of __________ concerns.
4. Through education, people acquire __________.
5. A __________ is the portion of profit shared with investors for their contribution to a company.
State whether the following Statements are True or False
1. Human capital is not supported by education and training.
2. Raw materials are supplied to manufacturers by suppliers.
3. Staying healthy helps maintain punctuality.
4. Production is unaffected by the proportion of resources used.
5. Family funds are the only source of money for entrepreneurs.
Match the Contents in Column A with those in Column B
| Column A | Column B |
| A. Land | (i) Human resource |
| B. Capital | (ii) Dividend |
| C. Worker | (iii) Digital communication |
| D. Shareholder | (iv) Machinery |
| E. Technology | (v) Natural resource |
Choose the correct option:
(a) A-(v), B-(iv), C-(i), D-(ii), E-(iii)
(b) A-(i), B-(ii), C-(iii), D-(iv), E-(v)
(c) A-(iii), B-(i), C-(ii), D-(v), E-(iv)
(d) A-(iv), B-(iii), C-(i), D-(ii), E-(v)
Very Short Answer Type Questions
Question 1.
Which five basic inputs are required for the process of production?
Answer:
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Question 2.
How would you explain the term entrepreneurship?
Answer:
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Question 3.
What do we call the raw materials or resources used to produce goods and services?
Answer:
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Question 4.
Identify one major obstacle in improving human capital.
Answer:
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Question 5.
Name some important requirements that help a startup to grow.
Answer:
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Short Answer Type Questions
Question 1.
Define the term ‘dividend’.
Answer:
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Question 2.
Explain the role of the stock market in supporting production.
Answer:
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Question 3.
Why is it important for industries to adopt eco-friendly practices?
Answer:
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Question 4.
What do you understand by workplace rights?
Answer:
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Long Answer Type Questions
Question 1.
“India has had a rich legacy of skill-based knowledge systems and workmanship.” Justify this statement.
Answer:
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Question 2.
What do large companies do with the capital they raise?
Answer:
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Question 3.
How does the geographic distribution of resources impact the production process?
Answer:
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Case Based Questions
Read the given excerpt and answer the questions that follow:
The factors—land, labour, capital, entrepreneurship and technology are combined to produce goods and services, and the proportion of each factor used depends on the product. For example, output from the agriculture, construction, and handicraft sectors relies more on labour and thus is labour-intensive, while semiconductor chips or satellites require more capital, specialised machinery, and are capital-intensive.
(a) What are the factors used to produce goods and services?
(b) On what does the proportion of each factors used depend?
(c) Which sectors rely more on labour?
{d) What are industries like agriculture and handicrafts called?
(e) Which product require more capital and specialised machinery?
Answer:
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Skill Based Question
Present a table illustrating how different industries or organisations apply the factors of production to enhance the value of their output.
Answer:
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Competency Based Question
Identify traditional methods of production that are no longer in use and explain what made them distinctive.
Answer:
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Picture Based Questions
Observe the picture given below and answer the questions that follow:
(a) Identify the activity shown in the picture.
(b) Identify the mode of learning.
(c) List three tools required for this type of learning.
(d) Explain how technology has made education more accessible.
(e) Do you think this method is better than traditional classroom learning?
Answer:
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