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JKSSB · Written · 2022
Question from JKSSB Sub Inspector 2022 Written
Economy Jammu & Kashmir Services Selection Board Last updated May 9, 2026
JKSSB Written 2022

Which of the following options includes machinery, work plants, equipment, new technology, factories, buildings and goods that are designed to increase the economy's productive potential?

Answer & Explanation

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Correct Answer: Option A — Fixed Capital
Why it is Fixed Capital
Fixed Capital refers to assets that are used in the production process over a long period (usually more than one year). They are "fixed" because they are not consumed or exhausted in a single production cycle.

Longevity: Machinery, factories, and buildings stay in the business for years.

Purpose: These are specifically designed to increase the "productive potential" or the capacity of an economy to produce more goods and services in the future.
Answer verified by Quintessence Classes faculty — Karan Nagar, Srinagar.

About this question

JKSSB Sub Inspector 2022 Written

Details

Exam JKSSB
Recruitment Sub Inspector
Stage Written
Year 2022
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