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English
Economics
History & Civics
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Question-1
Economic rent is taken as __________ payments.
(A)
Surplus
(B)
Deficit
(C)
Balanced
(D)
none of these
Question-2
The reason for emergence of opportunity cost is _________.
(A)
All resources are equally efficient
(B)
All resources are not equally efficient
(C)
data insufficient
(D)
None of these
Question-3
Richardo never considered rent __________.
(A)
As a part of cost of production
(B)
was not a part of factor of production
(C)
1 and 2
(D)
none of these
Question-4
________ is the excess of revenue over all paid out cost in the form of contractual rewards to the factor services which are hired.
(A)
Gross profit
(B)
Net profit
(C)
Simple profit
(D)
Wages
Question-5
The surplus income of the factor in the short-run is known as _______.
(A)
Economic rent
(B)
Quasi rent
(C)
normal rent
(D)
none of these
Question-6
According to Keynes, interest is the inducement given to lenders for parting with ________.
(A)
Anstience
(B)
Liquidity
(C)
risk
(D)
none of these
Question-7
The gross payment made for the services of land and other services of a land is known as ____________.
(A)
Smith's rent
(B)
Richardian rent
(C)
Contractual rent
(D)
none of these
Question-8
Abstinence theory of interest was propounded by ___________.
(A)
Nasau Senior
(B)
Marshall
(C)
Keynes
(D)
Amartya sen
Question-9
In economic sense __________ refers to the payment made for the factors of production which are imperfectly elastic in supply.
(A)
Wages
(B)
Interest
(C)
Rent
(D)
Profit
Question-10
Quasi-rent applicable to only __________.
(A)
Short-run
(B)
long -run
(C)
medium - run
(D)
none of these
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Plus 2 Humanities
ICSE/ISC
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