Wages Rent Interest and Profit 02 Mcqs Preparation Online

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

A. Does not enter into price of his product

B. None of these

C. Enters into the price of his product

D. Is unjustified

2. Interest is paid because:

A. Capital is scarce

B. Capital is attractive

C. Capital is productive

D. Capital is surplus

3. He presented a theory of rent:

A. Ricardo

B. Malthus

C. Marshall

D. Allama Iqbal

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

A. Marginal product

B. Price

C. Increasing return

D. Cost

5. The following affect rent EXCEPT:

A. Cleverness of landlords

B. Better location

C. Scarcity of land

D. Fertility of land

6. This is capital:

A. Forests

B. Machinery

C. Money

D. Trademarks

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

A. Use of land

B. Use of money

C. Use of capital

D. Use of durable goods

8. According to Keynes interest is a payment for:

A. State Bank's preference

B. Consumer's preference

C. Liquidity preference

D. Producer's preference

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

A. None of the above

B. Does not change

C. Decreases

D. Increases

10. These are kinds of rent EXCEPT:

A. Differential rent

B. Mobility rent

C. Location rent

D. Scarcity rent

Wages Rent Interest and Profit 02 Mcqs Preparation Online

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