Distribution Analysis

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Distribution Analysis

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Question 1

In Economics, distribution of income is among the

A	factors of production
B	individual
C	firms
D	traders

Question 2

Theory of distribution is popularly known as,

A	Theory of product-pricing
B	Theory of factor-pricing
C	Theory of wages
D	Theory of Interest

Question 3

Rent is the reward for the use of

A	capital
B	labour
C	land
D	organization

Question 4

The concept of ‘Quasi-Rent’ is associated with

A	Ricardo
B	Keynes
C	Walker
D	Marshall

Question 5

The Classical Theory of Rent was propounded by

A	Ricardo
B	Keynes
C	Marshall
D	Walker

Question 6

Original and indestructible powers of the soil’ is the term used by

A	J.S.Mill
B	Walker
C	Clark
D	Ricardo

Question 7

The reward for labour is

A	rent
B	wage
C	profit
D	interest

Question 8

Money wages are also known as

A	real wages
B	nominal wages
C	original wages
D	transfer wages

Question 9

Residual Claimant Theory is propounded by

A	Keynes
B	Walker
C	Hawley
D	Knight

Question 10

The reward given for the use of capital

A	rent
B	wage
C	interest
D	profit

Question 11

Keynesian Theory of interest is popularly known as

A	Abstinence Theory
B	Liquidity Preference Theory
C	Loanable Funds Theory
D	Agio Theory

Question 12

According to the Loanable Funds Theory, supply of loanable funds is equal to

A	S + BC + DH + DI
B	I + DS + DH + BM
C	S + DS + BM + DI
D	S + BM + DH + DS

Question 13

The concept of meeting unexpected expenditure according to Keynes is

A	Transaction motive
B	Precautionary motive
C	Speculative motive
D	Personal motive

Question 14

The distribution of income or wealth of a country among the individuals are

A	functional distribution
B	personal distribution
C	goods distribution
D	services distribution

Question 15

Profit is the reward for

A	land
B	organization
C	capital
D	labour

Question 16

Innovation Theory of profit was given by

A	Hawley
B	Schumpeter
C	Keynes
D	Knight

Question 17

Quasi-rent arises in

A	Man-made appliances
B	Homemade items
C	Imported items
D	None of these

Question 18

Wages as a sum of money are paid under contract by an employer to a worker for services rendered” –Who said this?

A	Benham
B	Marshall
C	Walker
D	J.S.Mill

Question 19

Abstinence Theory of Interest was propounded by

A	Alfred Marshall
B	N.W Senior
C	Bohm-Bawerk
D	Knut Wicksell

Question 20

Loanable Funds Theory of Interest is called as

A	Classical Theory
B	Modern Theory
C	Traditional Theory
D	Neo-Classical Theory

Question 21

Marginal productivity theory of distribution was developed by

A	Clark
B	Wickseed
C	Walras
D	All of these

Question 22

Marginal productivity theory of distribution is also known as ________

A	General theory of distribution
B	National Dividend theory of distribution
C	Both ‘a’ and ‘b’
D	None of these

Question 23

The theory of factor prices are popularly known as _______

A	Theory of distribution
B	Theory of interest
C	Theory of profit
D	All the above

Question 24

VMP = __________

A	MPP + Price
B	MPP x Price
C	MPP + Price
D	MPP – Price

Question 25

MRP = _____________

A	MPP x MR
B	MPP + MR
C	MPP – MR
D	MPP + MR

Question 26

Interest is the reward for __________

A	Land
B	Labour
C	Capital
D	Organisation

Question 27

Wages is the rewards for _________

A	Land
B	Labour
C	Capital
D	Organisation

Question 28

Quasi – Rent was given by _________

A	Adamsmith
B	Benham
C	Alfred Marshall
D	Hawley

Question 29

Rent theory was propounded by _______

A	Alfred Marshall
B	David Ricardo
C	Bohm – Bawerk
D	Knut wicksell

Question 30

David Ricardo is a ___________ economists

A	Classical Economists
B	Neo Classical Economists
C	Modern Economists
D	All of these

Question 31

The land which yields rent is called ___________

A	“Intra – Average land”
B	“Intra – Marginal Land”
C	Inter Land
D	None of these

Question 32

Economists like Joan Robinson and Boulding have contributed their ideas for the determination of rent, which is known as _______

A	Ricardo theory of rent
B	Quasi – Rent
C	Modern theory of Rent
D	All of these

Question 33

Wages are divided into ___________ types.

A	One
B	Two
C	Three
D	Four

Question 34

A	A
B	B
C	C
D	D

Question 35

The wage fund theory was first propounded by Adam Smith, but the credit goes to ______

A	Alfred Marshall
B	J.B.Say
C	J.S.Mill
D	David Ricardo

Question 36

The Residual claimant theory was propounded by _______________

A	J.S.Mill
B	F.A.Walker
C	Prof. Knight
D	Hawley

Question 37

The Residual Claimant theory was introduced in the year _______

A	1975
B	1886
C	1875
D	1890

Question 38

The Agio theory of interest was propounded by John Rae. But credit goes to ________

A	Bohm Bawerk
B	Benham
C	Walker
D	Knut wickseel

Question 39

The Agio theory of interest was propounded by John Rae in __________

A	1875
B	187 3
C	1834
D	1843

Question 40

The American economist __________ modified and gave a new theory called time preference thory

A	Alfred Marshall
B	Irving Fisher
C	Prof. Knight
D	Bohm Bawerk

Question 41

According to the loanable funds theory, demand of loanable funds is equal to _____________

A	S + BM + DH + DI
B	S + BM + DH + DS
C	I + C + H
D	S + M + I

Question 42

Who propound the liquidity preference theory of interest __________

A	Alfred Marshall
B	J.S.Mill
C	Joan Robinson
D	J.M.Keynes

Question 43

“The General Theory of Employment, Interest and Money” The famous book was introduced by __________

A	J.M.Keynes
B	Alfred Marshall
C	J.S.Mill
D	David Ricardo

Question 44

“The General Theory of Employment, Interest and Money” The famous book introduced in ___________

A	1930
B	1936
C	1920
D	1980

Question 45

____________ is the surplus of income over expenses on production.

A	Interest
B	Wages
C	Profit
D	Rent

Question 46

Dynamic theory of profit was propounded by ________

A	J.B.Clark
B	A.Schumpeter
C	F.B.Hawley
D	H.Knight

Question 47

Risk bearing theory of profit was propounded by ________

A	F.B.Hawley
B	A.Schumpeter
C	J.B.Clark
D	H.Knight

Question 48

Uncertainty theory was propounded by __________

A	F.B.Hawley
B	A.Schumpeter
C	J.B.Clark
D	H.Knight

Question 49

Super Normal Profit = _____________

A	Actual Profit – Normal Profit
B	Total Profit + Total Cost
C	Total Cost – Average Profit
D	Actual Profit + Total Cost

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Tnpsctricks

0 725 Less than a minute

Distribution Analysis

Tnpsctricks

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