[{"id":181122,"question":"The concept of quasi rent was given by.","choices":[{"text":"Ricardo","value":"A"},{"text":"Adam smith","value":"B"},{"text":"Alfred Marshall","value":"C"},{"text":"Robbins","value":"D"},{"value":"E"}],"correctAnswer":3},{"id":181121,"question":"The rent which is paid in the short run due to perfectly inelastic supply of a factor is known as.","choices":[{"text":"Deffertial rent","value":"A"},{"text":"Economic rent","value":"B"},{"text":"Quasi rent","value":"C"},{"text":"Scarcity rent","value":"D"},{"value":"E"}],"correctAnswer":3},{"id":181120,"question":"Net rent is also called.","choices":[{"text":"Different rent","value":"A"},{"text":"Quasi rent","value":"B"},{"text":"Scarcity rent","value":"C"},{"text":"Economic rent","value":"D"},{"value":"E"}],"correctAnswer":4},{"id":181119,"question":"If the supply of land is assumed to be perfectly inelastic which of the following rent will it yield.","choices":[{"text":"Scarcity rent","value":"A"},{"text":"Differential rent","value":"B"},{"text":"Quasi rent","value":"C"},{"text":"Scarcity rent","value":"D"},{"value":"E"}],"correctAnswer":1},{"id":181118,"question":"Marginal revenue products (MRP) curve falls when units of labour","choices":[{"text":"Remain constant","value":"A"},{"text":"Decrease","value":"B"},{"text":"Increase","value":"C"},{"text":"None of the three","value":"D"},{"value":"E"}],"correctAnswer":3},{"id":181117,"question":"Money wages are also called","choices":[{"text":"Nominal Wages","value":"A"},{"text":"Real wages","value":"B"},{"text":"Gross wages","value":"C"},{"text":"Net wages","value":"D"},{"value":"E"}],"correctAnswer":1},{"id":181116,"question":"Money wages are also called","choices":[{"text":"Nominal Wages","value":"A"},{"text":"Real wages","value":"B"},{"text":"Gross wages","value":"C"},{"text":"Net wages","value":"D"},{"value":"E"}],"correctAnswer":1},{"id":181115,"question":"One of the following is not an assumption of the Ricardian theory of rent.","choices":[{"text":"Lands are cultivated in sequence","value":"A"},{"text":"All lands are homogeneous","value":"B"},{"text":"All units of labour are identical","value":"C"},{"text":"There are original and industuctible powers of soils","value":"D"},{"value":"E"}],"correctAnswer":2},{"id":181114,"question":"The concept of differential rent is given by.","choices":[{"text":"Marshall","value":"A"},{"text":"David Ricardo","value":"B"},{"text":"Hobson","value":"C"},{"text":"Robbins","value":"D"},{"value":"E"}],"correctAnswer":2},{"id":181113,"question":"Who introduced the concept of Quasi rent.","choices":[{"text":"Hicks","value":"A"},{"text":"Alfred Marshall","value":"B"},{"text":"Hobson","value":"C"},{"text":"Robbins","value":"D"},{"value":"E"}],"correctAnswer":2},{"id":181112,"question":"Gov. of Pakistan introduced labour policy for the first time in.","choices":[{"text":"1955","value":"A"},{"text":"1950","value":"B"},{"text":"1948","value":"C"},{"text":"1959","value":"D"},{"value":"E"}],"correctAnswer":1},{"id":181111,"question":"The wage which is paid in cash is known as.","choices":[{"text":"Real wage","value":"A"},{"text":"Nominal wage","value":"B"},{"text":"Excess wage","value":"C"},{"text":"Low wage","value":"D"},{"value":"E"}],"correctAnswer":2},{"id":181110,"question":"Quasi rent is a:","choices":[{"text":"Short-run phenomenon","value":"A"},{"text":"Long-run phenomenon","value":"B"},{"text":"Short and long run phenoomenon","value":"C"},{"text":"None of the three","value":"D"},{"value":"E"}],"correctAnswer":1},{"id":181109,"question":"The supply of land is fixed whereas its Demand is increase day by day, the rent Produced in this way is:","choices":[{"text":"Differential rent","value":"A"},{"text":"Scarcity rent","value":"B"},{"text":"Quasi rent","value":"C"},{"text":"Economic rent","value":"D"},{"value":"E"}],"correctAnswer":2},{"id":181108,"question":"Quasi rent can be obtained if:","choices":[{"text":"Supply of factor other than land, is temporarily fixed","value":"A"},{"text":"There is difference in the fertility of land","value":"B"},{"text":"The government legislate on it","value":"C"},{"text":"Trade unions protest for it","value":"D"},{"value":"E"}],"correctAnswer":1},{"id":181107,"question":"Since marginal land does not yield rent therefore:","choices":[{"text":"Rent is a part of piece","value":"A"},{"text":"Rent is not a part of price","value":"B"},{"text":"Rent determines price","value":"C"},{"text":"None of the three","value":"D"},{"value":"E"}],"correctAnswer":2},{"id":181106,"question":"Marginal land or no rent land is the land which:","choices":[{"text":"Covers the cost of productions only","value":"A"},{"text":"Determines rent of the superiorlands","value":"B"},{"text":"Both a & b","value":"C"},{"text":"None of the three","value":"D"},{"value":"E"}],"correctAnswer":3},{"id":181105,"question":"Minimum wage rate of labour is fixed by :","choices":[{"text":"Government","value":"A"},{"text":"Trade unions","value":"B"},{"text":"Entrepreneurs","value":"C"},{"text":"Labourers","value":"D"},{"value":"E"}],"correctAnswer":1},{"id":181104,"question":"The theory of optimum population was presentd by:","choices":[{"text":"Cannon","value":"A"},{"text":"Hicks","value":"B"},{"text":"Keynes","value":"C"},{"text":"Malthus","value":"D"},{"value":"E"}],"correctAnswer":1},{"id":181103,"question":"The main object of trade unions is to:","choices":[{"text":"Strength the bargaining position of labour","value":"A"},{"text":"Get jobs for the employed persons","value":"B"},{"text":"Get recreational facilities","value":"C"},{"text":"Get free meals","value":"D"},{"value":"E"}],"correctAnswer":1}]