Quasi-rent is associated with: MCQ with Answer and Explanation

Question

Share Report Error

Quasi-rent is associated with:

A. land in the long run

B. labour only

C. money supply

D. fixed factors in the short run

Answer: Option D

Solution (By JKSSB Mock Tests)

Quasi-rent is the short-run return to a fixed factor of production.

This question belongs to: Economy GK Economy Set 1

Request complete Subject PDF

Discuss this Question (0)

No comments yet. Be the first to start the discussion!

Practice More Economy Set 1 Questions

Question #1

Share Report

The 'Monetary Policy Committee' meets at least how many times in a financial year?

A. 6

B. 4

C. 2

D. 12

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option B

Explanation:
The MPC meets at least four times a year.

This question belongs to: Economy GK Economy Set 1

Question #2

Share Report

The 'National Policy on Skill Development and Entrepreneurship' was released in which year?

A. 2015

B. 2020

C. 2018

D. 2009

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option A

Explanation:
The National Policy on Skill Development and Entrepreneurship was released in 2015.

This question belongs to: Economy GK Economy Set 1

Question #3

Share Report

The 'Estimates Committee' in Parliament examines:

A. foreign policy

B. budget estimates and efficiency of expenditure

C. judicial appointments

D. CAG reports

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option B

Explanation:
Estimates Committee examines budget estimates and efficiency of expenditure.

This question belongs to: Economy GK Economy Set 1

Explore All Economy Set 1 MCQs