Surplus value means:

Related Mcqs:

1. The theory of surplus value is associated with:

   A. J.S. Mill
   B. Herbert Spencer
   C. Adam Smith
   D. Karl Marx

2. 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

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. Dictatorship of proletariat means:

   A. Dictatorial rule of capitalist class
   B. Rule of feudal class
   C. Dictatorial rule of Working class
   D. Dictatorial rule of a King

5. Parliamentary executive in effect means: __________?

   A. Political homogeneity of the cabinet
   B. Freedom to express different views on the floor of the House by the Ministers
   C. Disunity among the Ministers
   D. Subordination of legislature

6. To a socialist democracy means a society in which:

   A. Inequalities of wealth should be removed by state action
   B. All the means of production and distribution are owned by the state
   C. Free enterprise and state enterprise exist side by side
   D. No body is without work

7. Interest group means:

   A. A small group within a party which fights for the interests of members, of its own category
   B. Any small group, which contests elections, with the sale objective of protecting Interestsof Its members
   C. A group of people who with the help of money try to secure control overgovernment
   D. A group of people with common objectives which tries to influence the

8. Two-Party system means:

   A. There are only two political parties in the country
   B. There are only two major political parties which share power
   C. There is only one political party but its followers are divided into two parts those who form the government and those who form opposition
   D. None of the above things

9. Development means: ______________?

   A. Increase in national income from one year to another
   B. Increase in real per capita income over an extended period of time
   C. Increase in real investment over a period of time
   D. The national income should keep pace with the increase in population

10. The term “suffrage” means:

    A. To bear and suffer
    B. Allow black people to vote
    C. The right to vote
    D. None of them