| 1 |
All factors of production are substitutable with each other. it is held by: |
- A. Wicksteed
- B. Hicks
- C. Pareto
|
| 2 |
A joint stock company has |
- A. limited liability
- B. unlimited liability
- C. limited capital
- D. unlimited capital
|
| 3 |
Debenture holders recive. |
- A. Interest
- B. Wages
- C. Dividend
- D. Profit
|
| 4 |
They can expand their business by selling shares in the stock market |
- A. proprietor of a business
- B. partners of the business
- C. joint stock company
- D. industrial cooperative societies
|
| 5 |
Efficiency of land can be promoted by. |
- A. Means of communication
- B. Fertility of land
- C. Climate condition
- D. Quality of other factors
|
| 6 |
Factors of production are recently termed as. |
- A. Output
- B. Outly
- C. Input
- D. None of them
|
| 7 |
The supply price of land is considered to be zero because .` |
- A. Its supply is limited
- B. Its supply is infinity
- C. In aggregate sense its cost of production s zero
- D. Its demand is limited
|
| 8 |
Limited liability is one of the advantages of |
- A. partnership
- B. sole proprietor
- C. joint stock company
- D. cooperative society
|
| 9 |
Those who invest in joint stock companies are called |
- A. partners
- B. shareholders
- C. members
- D. associates
|
| 10 |
Intensive cultivation means. |
- A. Extending land for cultivation
- B. Use of more input at the same land
- C. More input and more land to be used`
- D. More land and less labour to be used
|
