#### Distribution Analysis - Important Question Paper

11th Standard

Reg.No. :
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Economics

Time : 01:00:00 Hrs
Total Marks : 50

Part A

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

(a)

factors of production

(b)

Individual

(c)

firms

(d)

2. The concept of Quasi-Rent is associated with _________.

(a)

Ricardo

(b)

Keynes

(c)

Walker

(d)

Marshall

3. The Classical Theory of rent was propounded by _________.

(a)

Ricardo

(b)

Keynes

(c)

Marshall

(d)

Walker

4. Original and indestructible power of the soil is the term used by _________.

(a)

J.S. Mill

(b)

Walker

(c)

Clark

(d)

Ricardo

5. Residual Claimant Theory is propounded by _________.

(a)

Keynes

(b)

Walker

(c)

Hawley

(d)

Knight

6. Marginal productivity theory of distribution was developed by

(a)

Clark

(b)

Wickseed

(c)

Walras

(d)

All of these

7. 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

8. The theory of factor prices are popularly known as __________.

(a)

Theory of distribution

(b)

Theory of interest

(c)

Theory of profit

(d)

All the above

9. VMP= ____________.

(a)

MPP + Price

(b)

MPP x Price

(c)

MPP + Price

(d)

MPP - Price

10. MRP=______________.

(a)

MPP x MR

(b)

MPP+MR

(c)

MPP-MR

(d)

MPP + MR

11. Part B

6 x 2 = 12
12. Define 'Rent'.

13. Distinguish between real and money wages.

14. What do you mean by interest?

15. Draw a diagram of marginal productivity under perfect competition?

16. Write down the criticisms of marginal productivity theory of distribution?

17. Distinguish between Normal Profit and Super Normal Profit.

18. Part C

6 x 3 = 18
19. Distinguish between rent and quasi-rent.

20. Briefly explain the Subsistences Theory of Wages.

21. Describe briefly the Innovation Theory of Profit.

22. Draw the diagram for liquidity preference theory of interest.

23. Write a note on speculative motive.

24. What are the Kinds of profit ?

25. Part D

2 x 5 = 10
26. Explain the four sources depend upon the supply of loanable funds.

27. Explain the Marginal Productivity theory of wage.