NCERT · Class 9 · Social Science · The Story of Village PalampurRaw materials and money in hand are classified under which type of capital?
Step-by-Step Solution
Raw materials and money in hand are known as working capital. Production requires a variety of raw materials and money is needed during production to make payments and buy other necessary items.
Detailed Options Breakdown
Option : Fixed Capital
Incorrect choice. This distractor represents a common misunderstanding of the core principles of The Story of Village Palampur.
Option 1: Working Capital (Correct Answer)
Correct choice. Refer to the step-by-step verified solution guidelines above for details.
Option 2: Human Capital
Incorrect choice. This distractor represents a common misunderstanding of the core principles of The Story of Village Palampur.
Option 3: Natural Capital
Incorrect choice. This distractor represents a common misunderstanding of the core principles of The Story of Village Palampur.
💡 Study Guide: This question tests core syllabus concepts from The Story of Village Palampur. For formulas, key summaries, and mock exam reference guides, read the full The Story of Village Palampur Revision Notes.