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11th Economics Monthly Test - 1 ( Distribution Analysis )

MABS Institution

11th Economics Monthly Test - 1 ( Distribution Analysis )-Aug 2020

Time : 2.30 Hours

Part - A

Multiple Choice Question - Answer All Question

When products and services are sold and bought throughout a country

Local market
National market
Provincial market
International market

Residual Claimant Theory is propounded by _________.

Keynes
Walker
Hawley
Knight

Super Normal Profit = __________.

Actual Profit - Normal Profit
Total Profit + Total Cost
Total Cost - Average Profit
Actuai Profit + Total Cost

There is strict barrier for entry of any new firm in_______________.

Perfect competition
Monopoly
Monopolistic competition
Oligopoly

Technical Monopoly

Diamond
Gold
CoCo - Cola
None

According to the Loanable Funds Theory, supply of loanable funds is equal to _________.

S + BC + DH + DI
I + DS + DH + BM
S + DS + BM + DI
S + BM + DH + DS

Loanable Funds Theory of Interest is called as ___________.

Classical Theory
Modern Theory
Traditional Theory
Neo-Clasical Theory

"The General Theory of Employment, Interest and Money" The famous book was introduced by __________.

J.M. Keynes
Alfred Marshall
J.S. Mill
David Ricardo

In Economics, distribution of income is among the ___________.

factors of production
Individual
firms
traders

A firm can achieve equilibrium when its _______

MC = MR
MC = AC
MR = AR
MR = AC

Part - B

Generic 2 - Answer All Question

Draw demand curve of a firm for the following:
(a) Perfect competition, (b) Monopoly

What is Local Market?

What is profit?

What is the meaning of monopoly?
What are the theories of wages?

What is meant by distribution?

What are the criticisms of liquidity preference?

Mention the types of distribution.

What is a local market?

Define the nature of product under Perfect Competition.

Part - C

Generic 3 - Answer All Question

Describe Price Discrimination under monopoly.

Briefly explain the Subsistences Theory of Wages.

Mention any three benefits of perfect competition.

Explain the Uncertainty Bearing theory of profit?

Explain the kinds of profit.

Distinguish between Price-Marker and Price-Taker?
Write a note on speculative motive.

Classify the market based on competition.

Briefly explain the monopolistic competition.

State the Dynamic Theory of profit.

Part - D

Generic 5 - Answer All Question

Illustrate price and output determination under Monopoly.

Explain the equilibrium conditions for a firm with the help of diagrams.

Explain the long run equilibrium of a firm and the Group equilibrium in Monopolistic competition.

Briefly explain the classification of markets.

Explain price and output determined under monopolistic competition with help of the diagram.
Explain how price and output are determined under the perfect competition in the long run.

How is the price and output determined in the I long run under monopolistic competition?

How price and output and determined under the perfect competition?

Explain the types of monopoly?

Explain the market on the basis of area.

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