Samacheer Kalvi 11th Economics – Chapter 6: Distribution Analysis Book Back Answers
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11th Economics – Chapter 6: Distribution Analysis Book Back Answers
I. Choose the best answers:
1. In Economics, the distribution of income is among the _________.
a. factors of production
b. individual
c. firms
d. traders
2. Theory of distribution is popularly known as, ________.
a. Theory of product-pricing
b. Theory of factor-pricing
c. Theory of wages
d. Theory of Interest
3. Rent is the reward for the use of _______.
a. capital
b. labour
c. land
d. organization
4. The concept of ‘Quasi-Rent’ is associated with _________.
a. Ricardo
b. Keynes
c. Walker
d. Marshall
5. The Classical Theory of Rent was propounded by _________.
a. Ricardo
b. Keynes
c. Marshall
d. Walker
6. ‘Original and indestructible powers of the soil’ is the term used by _______.
a. J.S.Mill
b. Walker
c. Clark
d. Ricardo
7. The reward for labor is _________.
a. rent
b. wage
c. profit
d. interest
8. Money wages are also known as _________.
a. real wages
b. nominal wages
c. original wages
d. transfer wages
9. Residual Claimant Theory is propounded by __________.
a. Keynes
b. Walker
c. Hawley
d. Knight
10. The reward is given for the use of capital ________.
a. rent
b. wage
c. interest
d. profit
11. Keynesian Theory of interest is popularly known as ________.
a. Abstinence Theory
b. Liquidity Preference Theory
c. Loanable Funds Theory
d. Agio Theory
12. According to the Loanable Funds Theory, the supply of loanable funds is equal to _________.
a. S + BC + DH + DI
b. I + DS + DH + BM
c. S + DS + BM + DI
d. S + BM + DH + DS
13. The concept of meeting unexpected expenditure according to Keynes is _________.
a. Transaction motive
b. Precautionary motive
c. Speculative motive
d. Personal motive
14. The distribution of income or wealth of a country among the individuals is ______.
a. functional distribution
b. personal distribution
c. goods distribution
d. services distribution
15. Profit is the reward for
a. land
b. organization
c. capital
d. labour
16. Innovation Theory of profit was given by
a. Hawley
b. Schumpeter
c. Keynes
d. Knight
17. Quasi-rent arises in
a. Man-made appliances
b. Homemade items
c. Imported items
d. None of these
18. “Wages as a sum of money are paid under contract by an employer to a worker for services rendered” –Who said this?
a. Benham
b. Marshall
c. Walker
d. J.S.Mill
19. Abstinence Theory of Interest was propounded by
a. Alfred Marshall
b. N.W Senior
c. Bohm-Bawerk
d. Knut Wicksell
20. Loanable Funds Theory of Interest is called as
a. Classical Theory
b. Modern Theory
c. Traditional Theory
d. Neo-Classical Theory
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