Top 100+ Indian Economy Online Test Questions and Answers 2020-2021 - 2

Question: 6

The author of the concept of quasi-rent is _____

(A) Samuelson

(B) Ricardo

(C) Marshall

(D) Adam Smith

Question: 7

_____ theory tells the rate of interest is determined by the supply of and demand for capital.

(A) Classical theory of interest

(B) Neo-classical theory

(C) Marginal productivity theory

(D) Modern theory of interest

Question: 8

_____ side of factor is operating the marginal productivity theory.

(A) Investment

(B) Production

(C) Demand

(D) Supply

Question: 9

Profits are the reward for _____

(A) Organization

(B) Labour

(C) Capital

(D) Land

Question: 10

_____ explains people save, they abstain from present consumption.

(A) Marginal productivity theory

(B) Marginal productivity theory

(C) Abstinence theory of interest

(D) The Agio theory of time preference