ICSE Class X Economics 2018 Solved Papers
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Question : 8 of 35
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A list of goods are given below.
State whether it is fixed capital or circulating capital.
(i) Machines
(ii) Raw material
(iii) Fuel
(iv) Office furniture
State whether it is fixed capital or circulating capital.
(i) Machines
(ii) Raw material
(iii) Fuel
(iv) Office furniture
Solution:
(i) Machines-Fixed Capital
(ii) Raw material-Circulating Capital
(iii) Fuel-Circulating Capital
(iv) Office furniture-Fixed Capital
(ii) Raw material-Circulating Capital
(iii) Fuel-Circulating Capital
(iv) Office furniture-Fixed Capital
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