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11th Standard English Medium Economics Subject Distribution Analysis Book Back 1 Mark Questions with Solution Part - I

11th Standard

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Economics

Time : 01:00:00 Hrs
Total Marks : 10

    1 Marks

    10 x 1 = 10
  1. In Economics, distribution of income is among the

    (a)

    factors of production

    (b)

    Individual

    (c)

    firms

    (d)

    traders

  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

  3. Rent is the reward for the use of

    (a)

    Capital

    (b)

    Labour

    (c)

    Land

    (d)

    Organization

  4. The concept of 'Quasi-Rent' is associated with

    (a)

    Ricardo

    (b)

    Keynes

    (c)

    Walker

    (d)

    Marshall

  5. The Classical Theory of Rent was propounded by

    (a)

    Ricardo

    (b)

    Keynes

    (c)

    Marshall

    (d)

    Walker

  6. 'Original and indestructible power of the soil' is the term used by

    (a)

    J.S.Mill

    (b)

    Walker

    (c)

    Clark

    (d)

    Ricardo

  7. The reward for labour is

    (a)

    rent

    (b)

    wage

    (c)

    profit

    (d)

    interest

  8. Money wages are also known as

    (a)

    real wages

    (b)

    nominal wages

    (c)

    original wages

    (d)

    transfer wages

  9. Residual Claimant Theory is propounded by

    (a)

    Keynes

    (b)

    Walker

    (c)

    Hawley

    (d)

    Knight

  10. The reward given for the use of capital

    (a)

    rent

    (b)

    wage

    (c)

    interest

    (d)

    profit

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