Economics MCQS with Answers 1st Year
With decrease in price of bonds, rate of interest
does not change
increases
none of the above
decreases
According to Keynes interest is a payment for
liquidity preference
consumer’s preference
state bank’s preference
producer’s preference
One of the following is not an assumption of the Ricardian theory of rent.
All lands are homogeneous
Lands are cultivated in sequence
All units of labour are identical
There are original and industuctible powers of soils
Professor Knight is famous for his theory of
rent
profit
population
wages
Profits
always depend upon chance
are like interest
are like wages
none of the above is true
Profits arise
shortage of goods
like interest
because of uncertainty
only in monopoly
Profits
are illegal
can never be negative
are unnecessary
are necessary
Risks in the business arise because of
all the above
introduction of the new products
changes in tastes
uncertain policy of rival firms
The borrower has to pay interest because of
productivity of capital
greediness of capitalist
scarcity of capital
His poverty
According to Keynes interest is a payment for
use of money
use of durable goods
use of capital
use of land
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