Question : According to Modern Theory of Rent, rent accrues to
Option 1: capital only
Option 2: any factor
Option 3: labour only
Option 4: land only
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Correct Answer: any factor
Solution : The correct option is any factor,
The Modern Theory of Rent states that rent accrues to the owner of a factor of production when supply is fixed or constrained in comparison to demand. According to this view, rent is a surplus generated because of a resource's special qualities or scarcity rather than a cost of production.
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Question : According to Marx, the source of value is
Option 1: Capital
Option 2: Land
Option 3: Labour
Option 4: None of the above
Question : Ryotwari system of revenue collection in India, introduced by the British, was based on the_______.
Option 1: Smith's theory of rent
Option 2: Ricardian theory of rent
Option 3: Malthusian theory of rent
Option 4: Marx's theory of rent
Question : Intensive agriculture implies _________.
Option 1: bringing more land under cultivation
Option 2: cultivating large farms with moderately low inputs of labour and capital
Option 3: use of more labour and capital inputs on the given land under cultivation
Option 4: spreading farming across more states of India
Question : The land which is not cultivated every year though it is suitable for cultivation:
Option 1: Waste land
Option 2: Pasture land
Option 3: Fallow land
Option 4: Cultivable waste land
Question : Direction: Arrange the following words according to the English dictionary.
1. Fearsome
2. Fealty
3. Feasible
4. Feature
5. Feather
Option 1: 2, 4, 1, 3, 5
Option 2: 2, 3, 1, 4, 5
Option 3: 2, 5, 3, 1, 4
Option 4: 2, 1, 3, 5, 4
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