Economics Wages Rent Interest and Profit 03 Mcqs Preparation Online 0 Wages Rent Interest and Profit 03 Mcqs Preparation Online 1. Profits arise because an entrepreneur:A. InnovatesB. Lends moneyC. Prepares planD. Prepares plan & Innovates Loading... 2. Professor Knight is famous for his theory of:A. WagesB. PopulationC. ProfitD. Rent Loading... 3. In economics capital refers to:A. Machinery and factoriesB. High quality goodsC. MoneyD. Trade mark Loading... 4. Profits:A. Are less in perfect competition than in monopolyB. All of the above are trueC. Interest on capital owned by firmD. Are less in the long run than in short run Loading... 5. Profits:A. Are lower in the long run than in the short run B. Can be negativeC. Are less in perfect competition than in monopoly D. All of the above Loading... 6. Profits:A. Are always higher than wagesB. Are pre-determinedC. Are fixed contractD. Are residual payment Loading... 7. Profits:A. Are necessaryB. Are unnecessaryC. Are illegalD. Can never be negative Loading... 8. Gross profit does NOT include:A. Rent of land owned by the firmB. TaxesC. Pure profitD. Interest on capital owned by firm Loading... 9. If rate of interest is 10% the PV (present value) of Rs. 100 received in 1 years time is:A. 90.9B. 95C. 110D. 90 Loading... 10. Some economists say that profit earner is a kind of:A. Wage earnerB. Rent receiver C. Interest receiverD. Govt. officer Loading... Loading... Related PostsWages Rent Interest and Profit 02 Mcqs Preparation OnlineWages Rent Interest and Profit 01 Mcqs Preparation OnlineProfit Maximization Test 01 Mcqs Preparation OnlinePhysics MCQs Online Test 02 for PreparationPhysics MCQs Online Test 01 for PreparationPhysics MCQs For Entry Test 01 Online PreparationPhysics MCQs For Entry Test 2 Online PreparationPakistan Studies MCQs Test 01 Online for PreparationPakistan Studies MCQs Test 02 Online for PreparationPakistan Studies MCQs Test 03 Online for Preparation Continue Reading Previous Wages Rent Interest and Profit 02 Mcqs Preparation OnlineNext Utility and Consumer Behavior 01 Mcqs Preparation Online More Stories Economics Economics Quiz 04 Preparation Online 0 Economics Economics Quiz 03 Preparation Online 0 Economics Economics Quiz 02 Preparation Online 0 Leave a Reply Cancel replyYour email address will not be published. Required fields are marked *Comment * Name * Email * Website Δ
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