CSS Economics Solved Mcqs

Q.  Normal profit is:

a. Part of total cost
b. Part of economic profit
c. Total revenue minus total cost
d. Total revenue minus implicit cost


ANSWER: See Answer
 
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MCQs:  Interest is paid because:
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MCQs:  With decrease in price of bonds, rate of interest:
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MCQs:  Every factor of production gets reward equal to its:
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MCQs:  According to Keynes, interest is a payment for:
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MCQs:  In economics capital refers to:
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MCQs:  If rate of interest is 10% the PV (present value) of Rs. 100 received in 1 years time is:
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MCQs:  Professor Knight is famous for his theory of:
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MCQs:  Profits:
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MCQs:  Profits:
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MCQs:  Profits:
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MCQs:  Profits arise because an entrepreneur:
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MCQs:  Profits:
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MCQs:  Gross profit does NOT include:
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MCQs:  Some economists say that profit earner is a kind of:
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MCQs:  Risks in the business arise because of:
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MCQs:  According to Professor Knight risks are of _____ kinds:
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MCQs:  This is not a function of the entrepreneur:
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MCQs:  Business can be defined as:
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MCQs:  What can be the maximum number of partners in a partnership firm?
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MCQs:  Which form of business organisation would be most suitable for a capital intensive business?
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