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11th Standard Economics Distribution Analysis English Medium Free Online Test One Mark Questions with Answer Key 2020 - 2021

11th Standard

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Economics

Time : 00:10:00 Hrs
Total Marks : 10

    Answer all the questions

    10 x 1 = 10
  1. Original and indestructible power of the soil is the term used by _________.

    (a)

    J.S. Mill

    (b)

    Walker

    (c)

    Clark

    (d)

    Ricardo

  2. Money wages are also known as __________.

    (a)

    Real wages

    (b)

    Nominal wages

    (c)

    Original wages

    (d)

    Transfer wages

  3. 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

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

    (a)

    Functional distribution

    (b)

    Personal distribution

    (c)

    Goods distribution

    (d)

    Service distribution

  5. "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

  6. 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

  7. VMP= ____________.

    (a)

    MPP + Price

    (b)

    MPP x Price

    (c)

    MPP + Price

    (d)

    MPP - Price

  8. Quasi - Rent was given by __________.

    (a)

    Adamsmith

    (b)

    Benham

    (c)

    Alfred Marshall

    (d)

    Hawley

  9. David Ricardo is a ____________ economists.

    (a)

    Classical Economists

    (b)

    Neo Classical Economists

    (c)

    Modern Economists

    (d)

    All of these

  10. _______ is the price paid for the use of capital in any market.

    (a)

    Profit

    (b)

    Interest

    (c)

    Rent

    (d)

    Wage

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