×
17th Chapter

ICS Part 1 Economics Chapter 17 MCQs Test

First Year Economics Chapter 17 Online MCQ Test for 1st Year Economics Chapter 17 (Rent, Interest, Profit)

This online test contains MCQs about following topics:

Economic rent, .Gross Vs Net rent, .Ricardo's theory, .Marginal land, .Differnetial rent scarcity rent, .Modern theory of rent, .Rent and price, .Quasi rent, .Rent as unearned income, .Gorss Vs net interest, .Theories of interest, .Liquidity prefernece theory, .Loanable funds theory, .Zero rate of interest, . Gross Vs Net profit, . Theories of profit, Difference between profit and interest,

First Year Economics Chapter 17 Online MCQ Test for 1st Year Economics Chapter 17 (Rent, Interest, Profit)

Sr. # Questions Answers Choice
1 Rent is calculated from
  • A. most superior land
  • B. most inferior land
  • C. marginal land
  • D. uncultivable land
2 The rent which is paid in the short run due to perfectly inelastic supply of a factor is known as.
  • A. Deffertial rent
  • B. Economic rent
  • C. Quasi rent
  • D. Scarcity rent
3 Professor Knight is famous for his theory of
  • A. rent
  • B. profit
  • C. population
  • D. wages
4 Marginal revenue products (MRP) curve falls when units of labour
  • A. Remain constant
  • B. Decrease
  • C. Increase
  • D. None of the three
5 He put forward the theory of profit
  • A. Keynes
  • B. Adam Smith
  • C. Knight
  • D. Anyson
6 Every factor of production gets reward equal to its
  • A. cost
  • B. marginal product
  • C. price
  • D. increasing return
7 He presented a theory of rent
  • A. Malthus
  • B. Allama Iqbal
  • C. Ricardo
  • D. Marshall
8 According to Keynes interest is a payment for
  • A. use of durable goods
  • B. use of capital
  • C. use of money
  • D. use of land
9 For an individual farmer, rent paid by him
  • A. is part of cost and affects price of his product
  • B. does not enter into price of his product
  • C. is unjustified
  • D. cannot be determined
10 Profits arise
  • A. only in monopoly
  • B. because of uncertainty
  • C. shortage of goods
  • D. like interest

Top Scorers of Economics Ics Part 1 English Medium Chapter 17 Online Test

M

M.Attiq-U-Rehman

Lahore25 - Nov - 2023

16/20
03 Mins 13 Sec

Share your comments questions here
Sort By:
X

Sign in

to continue to ilmkidunya.com

inquiry-image

Free Admission Advice

Fill the form. Our admission consultants will call you with admission options.

X

Sign in

to continue to ilmkidunya.com

X

Sign in

to continue to ilmkidunya.com

X

Forgot Password

to continue to ilmkidunya.com

X

Register Type

Please Provide following information to Register

  • Student
  • Tutor
  • Consultant
  • Employer