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Free tnpsc model questions Online Test - MeritNotes
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No. of Questions :10
Remaining Time :
1. According to _____ theory, wages equal the whole product minus rent interest and profit.
(a)
Modern theory of wages
(b)
Wage fund theory
(c)
Residual claimant theory
(d)
Subsistence theory of wages
2. _____ developed the concept of consumer’s surplus.
(a)
Robbins
(b)
Ricardo
(c)
Adam Smith
(d)
Marshall
3. The indifference curve approach was introduced by
(a)
Adam Smith
(b)
Alfred Marshall
(c)
Lionel Robbins
(d)
J.R. Hicks and R.G.D Allen
4. The basic force that drives the capitalist economy is _____
(a)
Profit-motive
(b)
Government
(c)
Technology
(d)
Planning
5. The indifference curve approach was introduced by
(a)
Adam Smith
(b)
Alfred Marshall
(c)
Lionel Robbins
(d)
J.R. Hicks and R.G.D Allen
6. Social welfare is the main motive under ___
(a)
Traditional
(b)
Capitalism
(c)
Mixed
(d)
Socialism
7. _____ developed the concept of consumer’s surplus.
(a)
Ricardo
(b)
Robbins
(c)
Adam Smith
(d)
Marshall
8. Demand for a commodity depends on _____
(a)
Income
(b)
Price of related goods
(c)
Price of that commodity
(d)
All the above
9. _____ economy maintain economic stability.
(a)
Capitalist
(b)
Mixed
(c)
Market
(d)
Socialistic
10. Consumer surplus is _____
(a)
Potential price+ Actual price
(b)
Demand= Supply
(c)
Potential price- Actual price
(d)
None
