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11.

As for the cost of production of an individual farmer, the rent paid by him:

A.	Enters into the price of his product	B.	Does not enter into price of his product
C.	Is unjustified	D.	None of these

12.

He presented a theory of rent:

A.	Malthus	B.	Allama Iqbal
C.	Ricardo	D.	Marshall

13.

The following affect rent EXCEPT:

A.	Better location	B.	Fertility of land
C.	Cleverness of landlords	D.	Scarcity of land

14.

These are kinds of rent EXCEPT:

A.	Differential rent	B.	Scarcity rent
C.	Mobility rent	D.	Location rent

15.

This is capital:

A.	Money	B.	Forests
C.	Machinery	D.	Trademarks

16.

According to Keynes interest is a payment for:

A.	Consumer's preference	B.	Producer's preference
C.	Liquidity preference	D.	State Bank's preference

17.

Interest is paid because:

A.	Capital is scarce	B.	Capital is productive
C.	Capital is attractive	D.	Capital is surplus

18.

With decrease in price of bonds, rate of interest:

A.	Decreases	B.	Increases
C.	Does not change	D.	None of the above

19.

Every factor of production gets reward equal to its:

A.	Cost	B.	Marginal product
C.	Price	D.	Increasing return

20.

According to Keynes, interest is a payment for:

A.	Use of durable goods	B.	Use of capital
C.	Use of money	D.	Use of land