❴ECONOMICS❵
Ch-1 The Story of Village
Palampur
Q. Define the following terms
1. Land: It is a factor of production that is used for cultivation or
construction.
2. Labour: Labour is another important factor of production. It
means humans doing work.
3. Capital: It is a wealth other than land which is used for running
the business.
4. Production: Production is the creation of value in a commodity
e.g. manufacturing of a car from steel.
5. Working Capital: These include the factors of production which
are used up in a production. Raw material and money in hand
are called working capital. (IMPORTANT)
6. Fixed Capital: Tools, machines, buildings can be used in
production over many years. These factors of production are
called fixed capital. (IMPORTANT)
7. Factors of Production: The essential elements which
cooperate with one another in the process of production.
Following are the major factors of production.
● Land
● Physical capital
● Labour
● Human capital
8. Human Capital: It is the most important factor of production
which put together land, labour and physical capital and
produces an output either to use for self or to sell in a market.
(IMPORTANT)
, 9. Multiple Cropping: To grow more than one crop on a piece of
land during the year is known as multiple cropping.
(IMPORTANT)
10. Yield: It is measured as crop produced on a given piece of
land during a single season.
11. Non Farm Activity : It refers to the activities in a village
other than farming. This includes activities like manufacturing,
transportation, shop keeping etc.
12. Green Revolution: The large increase in agriculture
production after 1970’s due to adoption of a new agricultural
strategy in which better and modern agriculture inputs were
used. Eg- HYV seeds
Q1. What was the status of upper caste families in Palampur?
Ans. 80 upper caste families owned the majority of land in
Palampur.
Q2. What was the benefit of electricity in Palampur?
Ans. Most of the houses have electricity connections. Electricity is
used to power the tubewells in the field and for small businesses.
Q3. What facilities are available for education and health in
Palampur?
Ans. Palampur has 2 primary schools and one high school. There is
a primary health centre run by the government and one private
dispensary where the sick are treated.
Q4. Farmers plough is an example of which factor of production?
Ans. Fixed capital
Q5. Name the kharif crop and rabi crops grown in Palampur.
Ans.
● Kharif- Jowar and Bajra
● Rabi- Wheat and Sugarcane
Ch-1 The Story of Village
Palampur
Q. Define the following terms
1. Land: It is a factor of production that is used for cultivation or
construction.
2. Labour: Labour is another important factor of production. It
means humans doing work.
3. Capital: It is a wealth other than land which is used for running
the business.
4. Production: Production is the creation of value in a commodity
e.g. manufacturing of a car from steel.
5. Working Capital: These include the factors of production which
are used up in a production. Raw material and money in hand
are called working capital. (IMPORTANT)
6. Fixed Capital: Tools, machines, buildings can be used in
production over many years. These factors of production are
called fixed capital. (IMPORTANT)
7. Factors of Production: The essential elements which
cooperate with one another in the process of production.
Following are the major factors of production.
● Land
● Physical capital
● Labour
● Human capital
8. Human Capital: It is the most important factor of production
which put together land, labour and physical capital and
produces an output either to use for self or to sell in a market.
(IMPORTANT)
, 9. Multiple Cropping: To grow more than one crop on a piece of
land during the year is known as multiple cropping.
(IMPORTANT)
10. Yield: It is measured as crop produced on a given piece of
land during a single season.
11. Non Farm Activity : It refers to the activities in a village
other than farming. This includes activities like manufacturing,
transportation, shop keeping etc.
12. Green Revolution: The large increase in agriculture
production after 1970’s due to adoption of a new agricultural
strategy in which better and modern agriculture inputs were
used. Eg- HYV seeds
Q1. What was the status of upper caste families in Palampur?
Ans. 80 upper caste families owned the majority of land in
Palampur.
Q2. What was the benefit of electricity in Palampur?
Ans. Most of the houses have electricity connections. Electricity is
used to power the tubewells in the field and for small businesses.
Q3. What facilities are available for education and health in
Palampur?
Ans. Palampur has 2 primary schools and one high school. There is
a primary health centre run by the government and one private
dispensary where the sick are treated.
Q4. Farmers plough is an example of which factor of production?
Ans. Fixed capital
Q5. Name the kharif crop and rabi crops grown in Palampur.
Ans.
● Kharif- Jowar and Bajra
● Rabi- Wheat and Sugarcane
