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