GK
INDIAN ECONOMY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Woven basket
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Chair production from wood
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Wheat flour
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Biscuits
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Detailed explanation-1: -Answer: Wheat flour is an example of an intermediate good. So, option c is the correct option.
Detailed explanation-2: -Wheat: Like salt, wheat is an intermediate good because companies process it as part of another product, usually food or food-related goods.
Detailed explanation-3: -Intermediate goods are those goods which are used in the production of final goods. Some examples of intermediate goods are wheat, soil, crude oil, steel, sugar etc.
Detailed explanation-4: -Intermediate goods are referred to as goods that are used by businesses for producing goods or services. These goods are also known as producer goods. In other words, intermediate goods are used for producing final goods or consumer goods.