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Economics
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Question-1
Same factors of production are _________ in short-run.
(A)
elastic
(B)
Inelastic
(C)
elastic or Inelastic
(D)
None of these
Question-2
The availability of _________ is scarce in the context of its demand.
(A)
Land
(B)
labour
(C)
capital
(D)
all of these
Question-3
According to Marshall, interest is the reward for _________.
(A)
Abstinence
(B)
Liquidity
(C)
risk
(D)
waiting
Question-4
____ is the whole payment made to the lender for lending the money capital.
(A)
Temporary interest
(B)
gross interest
(C)
pure interest
(D)
net interest
Question-5
Time preference theory of interest was propounded by ____________.
(A)
Nasau Senior
(B)
Fisher
(C)
Keynes
(D)
Amartya Sen
Question-6
Less the elastic supply of a factor, __________ would be economic rent.
(A)
Less
(B)
more
(C)
constant
(D)
none of these
Question-7
The factor payment made for the services of capital is known as _________.
(A)
Economic rent
(B)
Quasi rent
(C)
interest rent
(D)
none of these
Question-8
Net interest is other wise known as ________.
(A)
Temporary interest
(B)
impure interest
(C)
pure interest
(D)
net interest
Question-9
Liquidity preference theory of interest was propounded by ____________.
(A)
Nasu Senior
(B)
fisher
(C)
Keynes
(D)
Amarty Sen
Question-10
When factor supply is perfectly elastic, the whole factor income is ___________.
(A)
Transfer payments
(B)
Transfer economy
(C)
transfer earning
(D)
None of these
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Plus 2 Humanities
ICSE/ISC
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National Income and Circular Flow of Income
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PUBLIC FINANCE;TAXATION
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