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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 Profits arise because an entrepreneur
  • A. prepares plan
  • B. innovates
  • C. lends money
  • D. a and b of above
2 According to Ricardo rents are high because prices of produce of land are
  • A. high
  • B. low
  • C. constant
  • D. none of the above
3 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
4 Profits
  • A. are like wages
  • B. are like interest
  • C. always depend upon chance
  • D. none of the above is true
5 This is not a function of the entrepreneur
  • A. supervise
  • B. innovate
  • C. lend money
  • D. prepare plan
6 If the supply of land is assumed to be perfectly inelastic which of the following rent will it yield.
  • A. Scarcity rent
  • B. Differential rent
  • C. Quasi rent
  • D. Scarcity rent
7 Interest is paid because
  • A. capital is scarce
  • B. capital is productive
  • C. capital is attractive
  • D. a and b of above
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 Who introduced the concept of Quasi rent.
  • A. Hicks
  • B. Alfred Marshall
  • C. Hobson
  • D. Robbins
10 Gov. of Pakistan introduced labour policy for the first time in.
  • A. 1955
  • B. 1950
  • C. 1948
  • D. 1959

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

A

Ali Jutt

Lahore31 - May - 2024

13/20
04 Mins 21 Sec

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