Question # 1

Reward the labour is:

Interest

Wages

Profit

Rent

Welfare economics is the branch of economics which deals with:

Positive issues

Normative issues

Micro issues

Macro issues

Who presented the quantity theory of money:

Marshall

Robbins

Taussig

Keynes

Reward for capital is called:

Rent

Interest

Wages

Profit

Personal income includes:

Direct taxes

Indirect taxes

Undivided profit

Both 2nd and 3rd

For knowing the spending capacity of the household sector, we have to use the concept of:

National income

Personal income

Private income

Personal disposable income

NAT II Management Science Economy MCQs With Answers