Wages Rent Interest and Profit 02 Mcqs Preparation Online

1. This is capital:

A. Trademarks

B. Money

C. Forests

D. Machinery

2. The following affect rent EXCEPT:

A. Better location

B. Fertility of land

C. Cleverness of landlords

D. Scarcity of land

3. As for the cost of production of an individual farmer, the rent paid by him:

A. None of these

B. Enters into the price of his product

C. Is unjustified

D. Does not enter into price of his product

4. These are kinds of rent EXCEPT:

A. Scarcity rent

B. Location rent

C. Differential rent

D. Mobility rent

5. Interest is paid because:

A. Capital is productive

B. Capital is surplus

C. Capital is scarce

D. Capital is attractive

6. According to Keynes, interest is a payment for:

A. Use of durable goods

B. Use of land

C. Use of money

D. Use of capital

7. He presented a theory of rent:

A. Ricardo

B. Marshall

C. Allama Iqbal

D. Malthus

8. With decrease in price of bonds, rate of interest:

A. Increases

B. Decreases

C. None of the above

D. Does not change

9. Every factor of production gets reward equal to its:

A. Price

B. Increasing return

C. Cost

D. Marginal product

10. According to Keynes interest is a payment for:

A. Producer's preference

B. State Bank's preference

C. Consumer's preference

D. Liquidity preference

Wages Rent Interest and Profit 02 Mcqs Preparation Online

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