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

Quasi-rent is associated with:
A. land in the long run
B. money supply
C. fixed factors in the short run
D. labour only
Answer: Option C
Solution (By JKSSB Mock Tests)
Quasi-rent is the short-run return to a fixed factor of production.

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Practice More Economy Set 1 Questions

Question #1
The concept of 'Gresham's Law' states that:
A. Paper money always drives out metallic money
B. Only metallic money circulates
C. Bad money drives out good money when both are legal tender at fixed rates
D. Good money drives out bad money

Correct Answer: Option C


Explanation:
Gresham’s Law observes that when two forms of money have the same face value but different intrinsic values, the money with lower intrinsic value (bad money) tends to remain in circulation while the higher-value money (good money) is hoarded or exported.

This question belongs to: Economy GK Economy Set 1
Question #2
The Multidimensional Poverty Index used by NITI Aayog includes which dimensions?
A. Income and wealth
B. Agriculture and industry
C. Health, education and standard of living
D. Employment and wages

Correct Answer: Option C


Explanation:
The MPI has three dimensions: health, education and standard of living.

This question belongs to: Economy GK Economy Set 1
Question #3
The concept of 'Green Bonds' refers to:
A. Only conventional government bonds
B. Only high-yield corporate bonds
C. Only short-term money-market instruments
D. Debt instruments whose proceeds are earmarked for environmentally beneficial projects

Correct Answer: Option D


Explanation:
Green bonds are fixed-income securities issued to raise capital specifically for projects that have positive environmental or climate benefits, with proceeds tracked and reported accordingly.

This question belongs to: Economy GK Economy Set 1