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Economy
Asset Classification
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UPSC Prelims 2023 Paper-1 📅 28 May, 2023

Consider the investments in the following assets:
  • 1. Brand recognition
  • 2. Inventory
  • 3. Intellectual property
  • 4. Mailing list of clients
How many of the above are considered intangible investments?

A
Only one
B
Only two
C
Only three
D
All four
Result Summary
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UPSC Prelims
2023 • 28 May, 2023 • Paper-1
Consider the investments in the following assets:
  • 1. Brand recognition
  • 2. Inventory
  • 3. Intellectual property
  • 4. Mailing list of clients
How many of the above are considered intangible investments?
Correct Answer
Only three
Subject: Economy.Context: Types of Assets.Details: Intangible assets lack physical substance but hold significant value for a business. Brand recognition, Intel......
Ref/Book : UPSC Prelims 2023
Ref. Subject Economy
Chapter -
Ref. Topic Asset Classification
Pg. No -
💡 Analysis & Explanation
Subject ▼
Economy.
Context ▼
Types of Assets.
Details ▼
Intangible assets lack physical substance but hold significant value for a business. Brand recognition, Intellectual property (patents, copyrights), and Mailing lists of clients fall into this category. Inventory refers to physical goods waiting to be sold, making it a tangible asset. Thus, three of the four are intangible.
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