2022 · Q40
Which one of the following terms denotes the inputs in terms of tools, machines, buildings, raw materials and money in hand required at any stage of production?
General KnowledgeIndian Economy
- AFixed capital
- BWorking capital
- CPhysical capital
- DHuman capital
Explanation
NCERT Class 9 Economics defines PHYSICAL CAPITAL as the variety of inputs — ‘tools, machines, buildings… raw materials and money in hand’ — required at every stage of production. Fixed capital covers only durable assets (tools, machines, buildings), and working capital covers raw materials and money in hand; the question’s wording matches physical capital exactly.