Question : The theory of distribution relates to which of the following ?

Option 1: The distribution of assets .

Option 2: The distibution of income .

Option 3: The distribution of factor payment .

Option 4: Equality in distribution of the income and wealth.

Question : Personal disposable income (PDI) can be defined as ______.

Option 1: Personal Income (PI) + Personal tax payments + Non-tax payments

Option 2: Personal Income (PI) + Personal tax payments – Non-tax payments

Option 3: Personal Income (PI) – Personal tax payments – Non-tax payments

Option 4: Personal Income (PI) – Personal tax payments + Non-tax payments

Question : An individual's actual standard of living can be assessed by      

Option 1: Gross National Income

Option 2: Net National Income

Option 3: Per Capita Income

Option 4: Disposable Personal Income

Question : The demand for the commodity is direct but the demand for a factor of production is called a: 

Option 1: crossed demand 

Option 2: joint demand

Option 3: derived demand 

Option 4: independent demand 

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