TRB MODEL QUESTIONS FOR ECONOMICS
| 11. |
Public finance is concerned with the income and expenditure of |
| |
- A. private sector
- B. public sector
- C. agricultural sector
- D. public authorities
|
| 12. |
Rent is the price for the use of |
| |
- A. land
- B. labour
- C. capital
- D. organisation
|
| 13. |
------ wages depend mainly on the purchasing power of money. |
| |
- A. money
- B. real
- C. nominal
- D. scarcity
|
| 14. |
------ money is held to meet an unforeseen expenditure. |
| |
- A. supply
- B. transaction
- C. speculative
- D. precautionary
|
| 15. |
------ is the author of dynamic theory of profits. |
| |
- A. Hawley
- B. Clark
- C. Taussiq
- D. Schumpeter
|
