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  9. Q45

SSC MTS & Havaldar 2024 · Question 45 of 76

Which of the following is one of the features of capital goods?

  1. AThey are durable.Correct
  2. BThey are Giffen goods.
  3. CThey are inexpensive.
  4. DThey are inferior goods.

Answer: A. They are durable.

Explanation

Capital goods are durable items used in the production of other goods and services. These include machinery, tools, buildings and equipment. Unlike consumer goods, capital goods are not consumed directly but are used to produce other goods. They typically have a long lifespan and are essential for increasing production capacity and efficiency in industries.

Source: SSC MTS 2024 (30-Sep-2024 Shift 1) solved paper with key+explanations, via oswaal360.com · reliable-secondary

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