Economics Wages Rent Interest and Profit 03 Mcqs Preparation Online Wages Rent Interest and Profit 03 Mcqs Preparation Online 1. Profits:A. Are less in the long run than in short run B. Are less in perfect competition than in monopolyC. Interest on capital owned by firmD. All of the above are true Loading... 2. Gross profit does NOT include:A. Interest on capital owned by firmB. Rent of land owned by the firmC. Pure profitD. Taxes Loading... 3. Profits:A. Are residual payment B. Are always higher than wagesC. Are pre-determinedD. Are fixed contract Loading... 4. Some economists say that profit earner is a kind of:A. Interest receiverB. Rent receiver C. Wage earnerD. Govt. officer Loading... 5. If rate of interest is 10% the PV (present value) of Rs. 100 received in 1 years time is:A. 95B. 90.9C. 110D. 90 Loading... 6. Profits arise because an entrepreneur:A. Prepares plan & InnovatesB. Prepares planC. InnovatesD. Lends money Loading... 7. In economics capital refers to:A. Machinery and factoriesB. High quality goodsC. Trade mark D. Money Loading... 8. Professor Knight is famous for his theory of:A. WagesB. ProfitC. PopulationD. Rent Loading... 9. Profits:A. Can be negativeB. Are lower in the long run than in the short run C. All of the aboveD. Are less in perfect competition than in monopoly Loading... 10. Profits:A. Are necessaryB. Can never be negativeC. Are illegalD. Are unnecessary Loading... Loading... Related PostsWages Rent Interest and Profit 01 Mcqs Preparation OnlineWages Rent Interest and Profit 02 Mcqs Preparation OnlineProfit Maximization Test 01 Mcqs Preparation OnlinePhysics MCQs Online Test 01 for PreparationPhysics MCQs Online Test 02 for PreparationAgriculture Information MCQs Test 08 For Online Preparation Continue Reading Previous Wages Rent Interest and Profit 02 Mcqs Preparation OnlineNext Utility and Consumer Behavior 01 Mcqs Preparation Online Leave a Reply Cancel replyYour email address will not be published. Required fields are marked *Comment * Name * Email * Website Δ