MCQs Micro Economics in English, Distribution / Determination of Factor Pricing

A unique effort by “zeatutor”

For the first time in Urdu, MCQs of Economics

The multiple-choice questions of economics are not regularly available on any channel or any site for which the students feel a lot of trouble. We decided to take the time out of our busy schedule to try to make it easier for the students as well as secure their future.

Encourage us to share, like, follow and subscribe to all our channels. Thanks.

Copyright©zeatutor.blogspot.com                                all rights reserved

Micro Economics    

Distribution / Determination of Factor Pricing

Factor price of land is known as

Rent	Interest
Wages	Profit

The reward of capital against its production is known as

Rent	Interest
Wages	Profit

Labour is paid against its production in this shape.

Rent	Interest
Wages	Profit

What is the reward of an administration?

Rent	Interest
Wages	Profit

This factor is limited because its supply cannot be changed.

land	Capital
Both	None

This factor is considered as variable factor.

Capital	Labour
Both	None

He is famous for rent theory.    

Marshal	Adam Smith
Ricardo	Robbins

This formula is used to find out the rent.

TP – TC	TP + TC
Both	None

Ricardo’s Rent Theory is generally applicable in

Perfect competition	Monopoly
Oligopoly	All

Law of diminishing marginal Return is generally applicable on this sector.

Agriculture	Industries
Both	None

These are the kinds of wages.

Money wages	Real wages
Both	None

Wages are generally, paid in this form.

Gold	Money
Silver	Diamond

MC_L  stands for.

Marginal Cost of Labour	Money, capital & labour
Both	None

These are the kinds of interest.

Net interest	Gross interest
Both	None

Liquidity Preference Theory was given by.     

Marshal	Adam Smith
Keynes	Ricardo

The amount of cash people wish to have in hand, is known as:

Supply of money	Demand for money
Value of money	None

Supply of money depends on

Velocity of money	Central bank policy
Availability of  gold	All

These are the kinds of profit.

Net interest	Gross interest
Both	None

Interest and profit are in nature

Same	Different
Opposite	None

                                  Thanks for visiting our 

      Channel Click HERE for more details & videos