11th class Economics chapter 17 online mcq test with answers for ICS part 1 Economics chapter 17 (Rent, Interest, Profit)

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,

ICS Part 1 Economics Chapter 17 Test

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ICS Part 1 Economics Chapter Wise Test

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

Sr. #	Questions	Answers Choice
1	He put forward the theory of profit	A. Keynes B. Adam Smith C. Knight D. Anyson
2	Net rent is also called.	A. Different rent B. Quasi rent C. Scarcity rent D. Economic rent
3	For an individual farmer, rent paid by him	A. is part of cost and affects price of his product B. does not enter into price of his product C. is unjustified D. cannot be determined
4	Profits	A. are necessary B. are unnecessary C. can never be negative D. are illegal
5	The borrower has to pay interest because of	A. His poverty B. productivity of capital C. greediness of capitalist D. scarcity of capital
6	Professor Knight is famous for his theory of	A. rent B. profit C. population D. wages
7	Money wages are also called	A. Nominal Wages B. Real wages C. Gross wages D. Net wages
8	He presented a theory of rent	A. Malthus B. Allama Iqbal C. Ricardo D. Marshall
9	Profits	A. are lower in the long run than in the short run B. can be negative C. are less in perfect competition than in monopoly D. all of the above
10	The concept of differential rent is given by.	A. Marshall B. David Ricardo C. Hobson D. Robbins

Chapterwise Lists

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Economics Ics Part 1 English Medium Chapter 17 Online Test	20 Questions