17th Chapter

ICS Part 1 Economics Chapter 17 MCQs Test

First Year Economics Chapter 17 Online MCQ Test for 1st Year Economics Chapter 17 (Rent, Interest, Profit)

This online test contains MCQs about following topics:

Economic rent, .Gross Vs Net rent, .Ricardo's theory, .Marginal land, .Differnetial rent scarcity rent, .Modern theory of rent, .Rent and price, .Quasi rent, .Rent as unearned income, .Gorss Vs net interest, .Theories of interest, .Liquidity prefernece theory, .Loanable funds theory, .Zero rate of interest, . Gross Vs Net profit, . Theories of profit, Difference between profit and interest,

First Year Economics Chapter 17 Online MCQ Test for 1st Year Economics Chapter 17 (Rent, Interest, Profit)

Sr. # Questions Answers Choice
1 The concept of differential rent is given by.
  • A. Marshall
  • B. David Ricardo
  • C. Hobson
  • D. Robbins
2 The following affect rent EXCEPT
  • A. better location
  • B. fertility of land
  • C. cleverness of landlords
  • D. scarcity of land
3 Quasi rent
  • A. is permanent
  • B. is temporary
  • C. arises in long run only
  • D. means high rent
4 Professor Knight is famous for his theory of
  • A. rent
  • B. profit
  • C. population
  • D. wages
5 The wage which is paid in cash is known as.
  • A. Real wage
  • B. Nominal wage
  • C. Excess wage
  • D. Low wage
6 According to Keynes interest is a payment for
  • A. use of durable goods
  • B. use of capital
  • C. use of money
  • D. use of land
7 Money wages are also called
  • A. Nominal Wages
  • B. Real wages
  • C. Gross wages
  • D. Net wages
8 Money wages are also called
  • A. Nominal Wages
  • B. Real wages
  • C. Gross wages
  • D. Net wages
9 Net rent is also called.
  • A. Different rent
  • B. Quasi rent
  • C. Scarcity rent
  • D. Economic rent
10 Profits
  • A. are like wages
  • B. are like interest
  • C. always depend upon chance
  • D. none of the above is true

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