UPSC Prelims 2024 · GS Paper 1 · Q57

Economy

Medium · Fixed vs working capital

Consider the following pairs of items and their claimed classification as fixed or working capital for a firm:

Item : Classification (as claimed)

1. Plough : Working capital

2. Computer : Fixed capital

3. Yarn : Fixed capital

4. Petrol : Working capital

How many of the above pairs are correctly classified?