Wages Rent Interest and Profit 03 Mcqs Preparation Online Leave a Comment / Economics / By Shani Malik Wages Rent Interest and Profit 03 Mcqs Preparation Online 1. Profits:A. Are always higher than wagesB. Are fixed contractC. Are pre-determinedD. Are residual payment Loading... 2. Profits:A. Are less in the long run than in short run B. Interest on capital owned by firmC. Are less in perfect competition than in monopolyD. All of the above are true Loading... 3. If rate of interest is 10% the PV (present value) of Rs. 100 received in 1 years time is:A. 90.9B. 95C. 90 D. 110 Loading... 4. Some economists say that profit earner is a kind of:A. Wage earnerB. Interest receiverC. Govt. officerD. Rent receiver Loading... 5. Professor Knight is famous for his theory of:A. PopulationB. Rent C. WagesD. Profit Loading... 6. Profits:A. Are illegalB. Can never be negativeC. Are necessaryD. Are unnecessary Loading... 7. Profits arise because an entrepreneur:A. Prepares plan & InnovatesB. InnovatesC. Prepares planD. Lends money Loading... 8. Profits:A. Can be negativeB. Are less in perfect competition than in monopoly C. All of the aboveD. Are lower in the long run than in the short run Loading... 9. In economics capital refers to:A. Machinery and factoriesB. Trade mark C. High quality goodsD. Money Loading... 10. Gross profit does NOT include:A. Interest on capital owned by firmB. TaxesC. Pure profitD. Rent of land owned by the firm Loading... Loading... Related NTS Results Post:Biology Mcqs Test 07 Online PreparationChemistry MCQs Test 06 Online PreparationIslamiat Mcqs Test 02 Online PreparationBiology Mcqs Test 09 Online PreparationChemistry MCQs Test 07 Online PreparationBiology Mcqs Test 06 Online PreparationIslamiat Mcqs Test 01 Online PreparationBiology Mcqs Test 08 Online Preparation