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Economy question from Sub Inspector exam, 2022 by JKSSB

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?

Last updated Sep 22, 2026
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.
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JKSSB Sub Inspector 2022

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Exam JKSSB
Recruitment Sub Inspector
Year 2022
Subject Economy
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