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English
Economics
History & Civics
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Question-1
Persons enter in the labour force at the age of _______.
(A)
15
(B)
16
(C)
17
(D)
18
Question-2
The wage rate of the monopsonist wage rates __________ than marginal productivity of labour
(A)
Less
(B)
greater
(C)
constant
(D)
none of these
Question-3
The short-run supply curve of the labour is __________.
(A)
Less elastic
(B)
More elastic
(C)
Unitary elastic
(D)
None of these
Question-4
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
Question-5
Higher wages acts as ________.
(A)
Incentive
(B)
disincentive
(C)
encouragement
(D)
none of these
Question-6
Inequalities in the distribution of income and wealth are discussed in ________.
(A)
Personal distribution
(B)
Functional distribution
(C)
Fractional distribution
(D)
None of these
Question-7
The remuneration to a factor depends on the ________.
(A)
Productivity of the factor
(B)
Wages
(C)
Profit
(D)
None of these
Question-8
When variable factor is applied to a given level of fixed factor increased, the Marginal physical product (MPP)__________
(A)
Increases
(B)
Decreases
(C)
increases up to a point and then declines
(D)
None of these
Question-9
Labour involves ________.
(A)
Only physical
(B)
only mental
(C)
Both physical and metal
(D)
None of these
Question-10
When Marginal Revenue Product (MRP) is equal to wages ________.
(A)
Producer employs more labour
(B)
producer employs less labour
(C)
producer employs same number of labours
(D)
None of these
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Plus 2 Humanities
ICSE/ISC
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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