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Economics
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Question-1
__________ deals with the distribution of national income among various factors of production.
(A)
personal distribution
(B)
Functional distribution
(C)
fractional distribution
(D)
None of these
Question-2
If greater the elasticity of demand for the product produced by labour __________ would be the demand for the labour.
(A)
Greater
(B)
lesser
(C)
Constant
(D)
None of these
Question-3
If less elastic the demand for the product produced by labour __________ would be the demand for the labour.
(A)
Greater
(B)
Lesser
(C)
constant
(D)
None of these
Question-4
__________ is the wages paid to the worker on the basis of time.
(A)
Money wages
(B)
Time wags
(C)
Piece wages
(D)
None of these
Question-5
Supply of labour depends on __________.
(A)
Willingness of th people to work
(B)
average working hours
(C)
labour force growth
(D)
all of these
Question-6
_________ deals with the distribution of national income among persons.
(A)
personal distribution
(B)
functional distribution
(C)
fractional distribution
(D)
None of these
Question-7
When variable factor is applied to a given level of Fixed factor increased, the ________ increases up to a point and then declines.
(A)
APP
(B)
MPP
(C)
APP and MPP
(D)
None of these
Question-8
Supply curve of the labour is __________.
(A)
Positively sloped
(B)
negatively sloped
(C)
parabola
(D)
hyperbola
Question-9
________ express the productivity of the factor in terms of values.
(A)
Physical units
(B)
revenue units
(C)
quality units
(D)
None of these
Question-10
The national product of a nation could be explained in terms of
(A)
Personal distribution
(B)
functional distribution
(C)
1 and 2
(D)
None of these
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Practice in Related Chapters
Micro Economic Theory
Theory of Consumer Behavior; Marginal Utility and Indifference Curve Analysis
Law of Supply and Price Elasticity of Supply
Laws of Returns - Returns to a Factor and Returns to Scale
Demand and Law of Demand
Elasticity of Demand
Cost and Revenue Analysis
FORMS OF MARKET
EQUILIBRIUM OF FIRM
Determination of Equilibrium Price and Output Under Perfect Competition Monopoly and Monopolistic
Equilibrium Price: Market Price
Nature of Goods and Services Produced
National Income Aggregates
INTERNATIONAL TRADE; NEED AND BASIS
Balance of Payments
Theory of Distribution: Marginal Productivity Theory and Determination of Wages
Public Expenditure
PUBLIC DEBT
Fiscal Policy and Deficit Financing
The Theory of Distribution: Rent, Interest and Profit
National Income and Circular Flow of Income
Measurement of National Income
- GOVERNMENT BUDGET
PUBLIC FINANCE;TAXATION
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