EconomicsOnline Test

Distribution Analysis

Distribution Analysis

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Question 1
In Economics, distribution of income is among the
A
factors of production
B
individual
C
firms
D
traders
Question 2
Theory of distribution is popularly known as,
A
Theory of product-pricing
B
Theory of factor-pricing
C
Theory of wages
D
Theory of Interest
Question 3
Rent is the reward for the use of
A
capital
B
labour
C
land
D
organization
Question 4
The concept of ‘Quasi-Rent’ is associated with
A
Ricardo
B
Keynes
C
Walker
D
Marshall
Question 5
The Classical Theory of Rent was propounded by
A
Ricardo
B
Keynes
C
Marshall
D
Walker
Question 6
Original and indestructible powers of the soil’ is the term used by
A
J.S.Mill
B
Walker
C
Clark
D
Ricardo
Question 7
The reward for labour is
A
rent
B
wage
C
profit
D
interest
Question 8
Money wages are also known as
A
real wages
B
nominal wages
C
original wages
D
transfer wages
Question 9
Residual Claimant Theory is propounded by
A
Keynes
B
Walker
C
Hawley
D
Knight
Question 10
The reward given for the use of capital
A
rent
B
wage
C
interest
D
profit
Question 11
Keynesian Theory of interest is popularly known as
A
Abstinence Theory
B
Liquidity Preference Theory
C
Loanable Funds Theory
D
Agio Theory
Question 12
According to the Loanable Funds Theory, supply of loanable funds is equal to
A
S + BC + DH + DI
B
I + DS + DH + BM
C
S + DS + BM + DI
D
S + BM + DH + DS
Question 13
The concept of meeting unexpected expenditure according to Keynes is
A
Transaction motive
B
Precautionary motive
C
Speculative motive
D
Personal motive
Question 14
The distribution of income or wealth of a country among the individuals are
A
functional distribution
B
personal distribution
C
goods distribution
D
services distribution
Question 15
Profit is the reward for
A
land
B
organization
C
capital
D
labour
Question 16
Innovation Theory of profit was given by
A
Hawley
B
Schumpeter
C
Keynes
D
Knight
Question 17
Quasi-rent arises in
A
Man-made appliances
B
Homemade items
C
Imported items
D
None of these
Question 18
Wages as a sum of money are paid under contract by an employer to a worker for services rendered” –Who said this?
A
Benham
B
Marshall
C
Walker
D
J.S.Mill
Question 19
Abstinence Theory of Interest was propounded by
A
Alfred Marshall
B
N.W Senior
C
Bohm-Bawerk
D
Knut Wicksell
Question 20
Loanable Funds Theory of Interest is called as
A
Classical Theory
B
Modern Theory
C
Traditional Theory
D
Neo-Classical Theory
Question 21
Marginal productivity theory of distribution was developed by
A
Clark
B
Wickseed
C
Walras
D
All of these
Question 22
Marginal productivity theory of distribution is also known as ________
A
General theory of distribution
B
National Dividend theory of distribution
C
Both ‘a’ and ‘b’
D
None of these
Question 23
The theory of factor prices are popularly known as _______
A
Theory of distribution
B
Theory of interest
C
Theory of profit
D
All the above
Question 24
VMP = __________
A
MPP + Price
B
MPP x Price
C
MPP + Price
D
MPP – Price
Question 25
MRP = _____________
A
MPP x MR
B
MPP + MR
C
MPP – MR
D
MPP + MR
Question 26
Interest is the reward for __________
A
Land
B
Labour
C
Capital
D
Organisation
Question 27
Wages is the rewards for _________
A
Land
B
Labour
C
Capital
D
Organisation
Question 28
Quasi – Rent was given by _________
A
Adamsmith
B
Benham
C
Alfred Marshall
D
Hawley
Question 29
Rent theory was propounded by _______
A
Alfred Marshall
B
David Ricardo
C
Bohm – Bawerk
D
Knut wicksell
Question 30
David Ricardo is a ___________ economists
A
Classical Economists
B
Neo Classical Economists
C
Modern Economists
D
All of these
Question 31
The land which yields rent is called ___________
A
“Intra – Average land”
B
“Intra – Marginal Land”
C
Inter Land
D
None of these
Question 32
Economists like Joan Robinson and Boulding have contributed their ideas for the determination of rent, which is known as _______
A
Ricardo theory of rent
B
Quasi – Rent
C
Modern theory of Rent
D
All of these
Question 33
Wages are divided into ___________ types.
A
One
B
Two
C
Three
D
Four
Question 34
A
A
B
B
C
C
D
D
Question 35
The wage fund theory was first propounded by Adam Smith, but the credit goes to ______
A
Alfred Marshall
B
J.B.Say
C
J.S.Mill
D
David Ricardo
Question 36
The Residual claimant theory was propounded by _______________
A
J.S.Mill
B
F.A.Walker
C
Prof. Knight
D
Hawley
Question 37
The Residual Claimant theory was introduced in the year _______
A
1975
B
1886
C
1875
D
1890
Question 38
The Agio theory of interest was propounded by John Rae. But credit goes to ________
A
Bohm Bawerk
B
Benham
C
Walker
D
Knut wickseel
Question 39
The Agio theory of interest was propounded by John Rae in __________
A
1875
B
187 3
C
1834
D
1843
Question 40
The American economist __________ modified and gave a new theory called time preference thory
A
Alfred Marshall
B
Irving Fisher
C
Prof. Knight
D
Bohm Bawerk
Question 41
According to the loanable funds theory, demand of loanable funds is equal to _____________
A
S + BM + DH + DI
B
S + BM + DH + DS
C
I + C + H
D
S + M + I
Question 42
Who propound the liquidity preference theory of interest __________
A
Alfred Marshall
B
J.S.Mill
C
Joan Robinson
D
J.M.Keynes
Question 43
“The General Theory of Employment, Interest and Money” The famous book was introduced by __________
A
J.M.Keynes
B
Alfred Marshall
C
J.S.Mill
D
David Ricardo
Question 44
“The General Theory of Employment, Interest and Money” The famous book introduced in ___________
A
1930
B
1936
C
1920
D
1980
Question 45
____________ is the surplus of income over expenses on production.
A
Interest
B
Wages
C
Profit
D
Rent
Question 46
Dynamic theory of profit was propounded by ________
A
J.B.Clark
B
A.Schumpeter
C
F.B.Hawley
D
H.Knight
Question 47
Risk bearing theory of profit was propounded by ________
A
F.B.Hawley
B
A.Schumpeter
C
J.B.Clark
D
H.Knight
Question 48
Uncertainty theory was propounded by __________
A
F.B.Hawley
B
A.Schumpeter
C
J.B.Clark
D
H.Knight
Question 49
Super Normal Profit = _____________
A
Actual Profit – Normal Profit
B
Total Profit + Total Cost
C
Total Cost – Average Profit
D
Actual Profit + Total Cost
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There are 49 questions to complete.

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