The theory of surplus value is associated with:

Related Mcqs:

1. Marx’s theory of surplus value holds that:

   A. Labour must be paid minimum wages irrespective of the quantum of goods produced and the profit be passed on to the state
   B. The labourers be paid fixed salary and all the profits earned should be used for social good
   C. There is difference between what a labourer produces and what he is paid. This difference is known as surplus value and is pocketed by the capitalists.
   D. None of the above

2. Surplus value means:

   A. Excessive value
   B. Low price
   C. High profit
   D. Difference between wages and proceeds of sales

3. According to Karl Marx Surplus value can be earned by several ways. Which one of the following is not included in that?

   A. By reducing the wages rates
   B. By increasing working hours
   C. By resorting to technological advancement
   D. By using labour saving devices
   E. By eliminating workers from the market

4. The labour theory of value which formed one of the feature of theory of development offered by Racardo was: ____________?

   A. His original idea
   B. Borrowed from Adam Smith
   C. Borrowed from Marx
   D. None of the above

5. The Legal theory of property is associated with______________?

   A. Hobbes
   B. Locke
   C. Austin
   D. Marx

6. Who of the following is associated with Idealist theory of property?

   A. Bodin
   B. Machiavelli
   C. Bakunin
   D. Kant
   E. Godwin

7. The Individualistic Theory of property is associated with:

   A. Hobbes
   B. J.S. Mill
   C. Adam Smith
   D. TH. Green

8. The idealistic theory of property is associated with the name of:

   A. Locke
   B. Bentham
   C. Kant
   D. Marx

9. Which one of the following is not associated with social contract theory?

   A. Hobbes
   B. Herbert Spencer
   C. Locke
   D. Rousseau

10. The Patriarchal theory of the origin of state is associated with the name of: _________?

    A. Jenks
    B. Henry Maine
    C. Laski
    D. Morgan