Question : The Liquidity Preference Theory of Interest was propounded by :
Option 1: J. M. Keynes
Option 2: David Ricardo
Option 3: Alfred Marshall
Option 4: Adam Smith
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Correct Answer: J. M. Keynes
Solution : The correct option is J. M. Keynes.
Keynes first proposed the Liquidity Preference Theory of Interest. This fundamental idea of Keynesian economics contends that the supply and demand for money in an economy control the interest rate. Keynes argued that people store money for transactions as well as for safety and speculation.
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Question : "The General Equilibrium Analysis" was developed by:
Option 1: Alfred Marshall
Option 3: Marie-Esprit-Léon Walras
Question : Gandhi's inspiration for Civil Disobedience came from the writings of
Option 1: Henry David Thoreau
Option 3: Henry Kissinger
Option 4: Bertrand Russell
Question : Rate of interest is determined by
Option 1: The rate of return on the capital invested
Option 2: Central Government
Option 3: Liquidity preference
Option 4: Commercial Banks
Question : The innovation theory of profit was proposed by
Option 1: Marshall
Option 2: Clark
Option 3: Schumpeter
Option 4: Joan Robinson
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
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