Factors of Production — Class 8 MCQs with Answers
Class 8 CBSE Social Science · Chapter 7
72 practice questions · 24 Easy · 24 Medium · 24 Hard · Updated
Jump to the 6 solved questions
Practise the most important Class 8 CBSE Social Science questions from Chapter 7, "Factors of Production". You get 9 timed quizzes made from 72 NCERT-based MCQs, with answers and explanations. The questions are split into 24 Easy, 24 Medium and 24 Hard. Warm up on the basics, then move on to the exam-level questions that top scorers in CBSE Board exams get right.
To score well in "Factors of Production", focus on dates, cause and effect, and reading maps and sources. Each MCQ here is timed and uses exam-style marking (+4 correct, −1 wrong, 0 skipped). This helps you stay accurate when time is short, just as real papers need. Every question has a short explanation, so a wrong answer becomes a quick lesson. It is the fastest way to fix gaps before a test.
Use this chapter for focused revision. Start with the Easy set to check your basics on Factors of Production, then move to Medium and Hard to practise applying them. Your accuracy, streaks and XP save automatically. This chapter also adds to your overall Class 8 Social Science mastery score. Try the 6 sample questions below: tap an option to see the answer and a worked explanation. Sign in free to start practising.
Factors of Production — important questions & MCQs with answers (Class 8 Social Science)
6 solved questions from this chapter's difficulty levels, each with its answer and explanation. Tap an option to check yourself.
0 of 6 answered
- Q1 of 6Easy
The resources or inputs used in producing goods and services are called:
Show answerHide answer
Answer: factors of production
Explanation: Every product goes through a production process before it reaches you.
- Q2 of 6Easy
Human capital refers to the specialised skills, knowledge, abilities and:
Show answerHide answer
Answer: expertise required to perform labour
Explanation: It is not just the basic effort of labour but the quality and efficiency of that labour.
- Q3 of 6Medium
In ancient India, work is described as a form of:
Show answerHide answer
Answer: expressing one's nature and striving for perfection
Explanation: It was to be done with devotion, as an offering to the deity or the receiver.
- Q4 of 6Medium
Ratna took a bank loan because:
Show answerHide answer
Answer: her personal and family funds were insufficient
Explanation: She repaid interest along with part of the principal over time.
- Q5 of 6Hard
Assertion: Technology is treated as a facilitator, not a factor of production. Reason: It lets enterprises produce more goods with the same or fewer inputs. Choose the correct option.
Show answerHide answer
Answer: Both are true, and the reason explains the assertion
Explanation: It works on the other factors rather than being an independent input.
- Q6 of 6Hard
Two workers do the same job, but one has years of specialised training. The chapter would explain the difference in their output as a difference in:
Show answerHide answer
Answer: human capital
Explanation: Labour is the effort; human capital is the quality and efficiency of that effort.
Factors of Production notes: key concepts (Class 8 Social Science)
Every good and service is made by combining four inputs — land, labour, capital and entrepreneurship — with technology as a facilitator. The chapter gives particular attention to human capital and to India's inherited traditions of skill.
- Factors of production
- The resources or inputs used to produce goods and services: land, labour, capital and entrepreneurship.
- Land (in economics)
- Not just ground but all natural resources — soil, forests, water, air, sunlight, minerals, oil and natural gas.
- Labour
- The physical and mental effort people put into production.
- Human capital
- The specialised skills, knowledge, abilities and expertise behind that effort — the quality and efficiency of labour, not just its quantity.
- Capital
- Money plus human-made assets used in production: machinery, tools, vehicles, computers, shops and factories.
- Entrepreneurship
- Starting an enterprise or creating something new to solve a problem, combining the other factors and carrying the risk.
- Demographic dividend
- The gain a country makes when many people are young and working and fewer depend on them — realised only with education, health and skilling.
- Interest and dividend
- Interest is paid by a borrower to a lender for using their money; a dividend is paid by a company to shareholders out of profits.
Start this chapter free
You have 6 to try above. Sign in with Google (no card needed). You get 1 Easy + 1 Medium quiz on every chapter, free for good (up to 6 quizzes a day) — plus a free Hard quiz when you score 70%+ on a Medium quiz (1 per subject), and the exam tips.
This chapter has 72 questions (24 Easy · 24 Medium · 24 Hard), with timed scoring and instant feedback. The rest unlock with the ₹999/year plan.
Start with the questions above. The full quiz opens here after.
Factors of Production — FAQs
What are the key concepts in Class 8 Social Science Factors of Production?+
Every good and service is made by combining four inputs — land, labour, capital and entrepreneurship — with technology as a facilitator. The chapter gives particular attention to human capital and to India's inherited traditions of skill. Key ideas include Factors of production, Land (in economics), Labour, Human capital, Capital, Entrepreneurship.
What does Class 8 Social Science Chapter 7 (Factors of Production) cover on XamBaaz?+
It has 72 NCERT-based MCQs on "Factors of Production": 24 Easy, 24 Medium and 24 Hard. Together they make 9 timed quizzes, and you never get the same set twice. Every question has an instant explanation. They help you prepare for CBSE Board exams.
Are these "Factors of Production" questions free to practise?+
Yes. Sign in with Google to practise "Factors of Production" free. Full unlimited access is ₹999/year. One year from the day you pay. You stay in Class 8 till 31 March; on 1 April your account moves up to Class 9 and the rest of your year carries over. No chapter is charged separately.
How should I revise "Factors of Production" for the exam?+
Start with the Easy quiz to check your basics, then try Medium and Hard to practise applying them. There are 9 timed quizzes on this chapter, so you can come back for a fresh set instead of one you have seen. Read each explanation, retry the questions you miss, and track your accuracy until it stays high.
Are these "Factors of Production" MCQs available with answers?+
Yes. 6 sample questions are on this page with answers: tap an option, or "Show answer", to see the correct option and a step-by-step explanation. Sign in free with Google to start practising, with instant scoring.
Is there negative marking in the "Factors of Production" quizzes?+
Yes. The timed quizzes use exam-style marking: +4 for a right answer, −1 for a wrong one and 0 for a skip. MHT-CET and CBSE board papers have no negative marking. Our mocks for those are scored their way.
What are the important questions from Factors of Production (Class 8 Social Science)?+
The questions that matter most test Factors of production, Land (in economics), Labour, Human capital, Capital, Entrepreneurship. This page shows 6 solved important MCQs with answers and explanations. Sign in to practise all 72 questions on the chapter as timed quizzes.
Is there an online quiz for Factors of Production?+
Yes — Class 8 Social Science Factors of Production has timed online quizzes at Easy, Medium and Hard levels, with instant scoring and a worked explanation on every question. The first quiz on the chapter is free.
Are there question answers and extra questions for Factors of Production (Class 8 Social Science)?+
Yes. This page has 6 solved questions on Factors of Production, each with the correct answer and a short explanation. Sign in to practise all 72 questions on the chapter as timed quizzes.