Practice daily authentic & premium gk questions with answers covering upsc syllabus, cds exam, nda exam, up psc, mp psc, uk psc,
ssc cgl, ssc chsl, sscgd, sscmts and other govt jobs syllabus. We are providing a daily crunch of premium and authentic MCQs which are
prepared with a well-researched approach from various sources like exams previous years papers,
NCERT 6th to 12th and other standard books.
Economics: MCQ Objective Questions
Steel sheets used in the production of furnitures is an example of which one of the following goods(A). An Intermediate Goods ✅
(B). A Final Goods
(C). An Investment Goods
(D). A Consumption Goods
Detailed Explanation - Economics MCQ
❖ Intermediate goods are semi- finished products are goods that are used as inputs in the production of final goods.
❖ It comprises material or item that is a final-product of a process, but is also used as an input in the production process of some other good.
❖ In the production process, intermediate goods either become part of the final product, or are totally changed during process.
