Steel sheets are used for making automobiles and copper used for making utensils, what type of goods are these (Steel and Copper)? Option 1: Consumption Goods. Option 2: Final Goods. Option 3: Intermediate Goods. Option 4: Capital Goods.

The answer is 'Intermediate Goods.'. View full solution:

CUET Economics - Steel sheets are used for making automobiles and copper used for making utensils, what type of goods are these (Steel and Copper)? | PYQs + Solutions

CUET Economics 2025 22 May Shift 1

Macro

Medium

Consumption Goods.

Final Goods.

Intermediate Goods.

Capital Goods.

✅ Correct Option: 3

Related questions:

27 May Shift 2

Which statements are true in terms of basic national income aggregates:

(A) GNP at factor cost measures the value of output received by the factors of production belonging to a country in a year.

(B) GDP is the market value of all intermediate goods and final goods and services produced within a domestic territory of a country measured in a year.

(C) NDP at factor cost is the income earned by the factors in the form of wages, profits, rent, interest, etc., within the domestic territory of a country.

(D) GDP at factor cost is gross domestic product at market prices, less net product taxes.

Choose the correct answer from the options given below:

CUET Economics 2023 Slot 2

Match List I with List II

	LIST I		LIST II
A.	Product will not pass through further transformation	I.	Capital Good
B.	A product used as raw material or input for production	II.	Final Good
C.	The good which enables for production on process	III.	Consumer Good
D.	Goods purchased by ultimate consumer	IV.	Intermediate Goods

Choose the correct answer from the options given below:

CUET Economics 2023 Slot 4

To find Gross value added, arrange the following in sequence :

(A) Import

(B) Export

(D) Domestic purchase of Raw material

(E) Change in inventories

Choose the correct answer from the options given below :

CUET Economics 2025 22 May Shift 1 PYQs

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