EconomicsOnline Test

Distribution Analysis

Tnpsctricks TnpsctricksNovember 7, 2018
0 503 Less than a minute

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
Once you are finished, click the button below. Any items you have not completed will be marked incorrect. Get Results
There are 49 questions to complete.
Tnpsctricks TnpsctricksNovember 7, 2018
0 503 Less than a minute
Tnpsctricks

Tnpsctricks

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