The reward for labour is

(a)

rent

(b)

wage

(c)

profit

(d)

interest

Residual Claimant Theory is propounded by

(a)

Keynes

(b)

Walker

(c)

Hawley

(d)

Knight

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

Profit is the reward for

(a)

Land

(b)

Organization

(c)

Capital

(d)

Labour

Quasi - Rent was given by __________.

(a)

Adamsmith

(b)

Benham

(c)

Alfred Marshall

(d)

Hawley

The land which yields rent is called ______________.

(a)

"Intra - Average Land"

(b)

"Intra - Marginal Land"

(c)

Inter Land

(d)

None of these

The demand for labour is ______________ .

(a)

Effective Demand

(b)

Direct Demand

(c)

Derived Demand

(d)

Elastic Demand

The Standard of Living Theory of Wages was developed by_____________.

(a)

Torrance

(b)

N.W.Senior

(c)

John Rae

(d)

J.M. Keynes

____________money is held to meet an unforeseen expenditure.

(a)

Transaction

(b)

Precautionary

(c)

Speculative

(d)

Supply

___________was of the view that the rate of interest was determined by liquidity preference on the one hand and the supply of money on the other.

(a)

Keynes

(b)

Walker

(c)

Marshall

(d)

Clark

What do you mean by interest?

What is profit?

State the meaning of liquidity preference.

What is functional distribution?

Draw a diagram of marginal productivity under perfect competition?

State the Dynamic Theory of profit.

Describe briefly the Innovation Theory of Profit.

Write a note on Risk-bearing Theory of Profit.

Explain the kinds of profit.

Explain the Uncertainty Bearing theory of profit? 

Elucidate the Loanable Funds Theory of Interest.

Explain the Keynesian Theory of Interest.

Explain the four sources depend upon the supply of loanable funds.