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
Related Mcqs:
- The theory of surplus value is associated with:
A. J.S. Mill
B. Herbert Spencer
C. Adam Smith
D. Karl Marx - Surplus value means:
A. Excessive value
B. Low price
C. High profit
D. Difference between wages and proceeds of sales - 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 - The labour theory of property holds that:
A. Property should belong to labours alone
B. Property was created as result of mixing of labour
C. Property should be equitably distributed amongst the lobourers
D. A person who does not put in Physical labour should not be give anything to eat - The monistic theory of sovereignty holds that: ____________?
A. The sovereignty resides in the state alone
B. Sovereignty resides in the King only
C. Sovereignty is shared by the King and the Parliament
D. Sovereignty is shared by the state and other associations - The Social Welfare theory holds that: _________?
A. Rights exist for the good of the weaker sections of society
B. Rights are powers granted to the rulers to promote social welfare
C. Rights are the conditions of social welfare
D. Rights is another name for the power of the state used for social welfare - The Historical theory of rights holds that: _________?
A. Rights are the creation of God
B. Rights are drawn from various historical statutes
C. Rights are the crystallization of customs
D. Rights are the result of contract - The legal theory of rights holds that:
A. The rights are granted to the individual by the state but it cannot take them back without the consent of the majority:
B. The rights are granted to the individual by the state and can be taken back by it
C. The state does not grant rights to the individual but can curtail his rights
D. The state neither grants rights to the individual nor can it restrict them - The Pluralist theory of democracy holds that:
A. The state is the source of all authority and all groups draw from it
B. The power in society is shared by the government and other groups
C. Political power cannot be divided among various groups, associations etC.
D. None of the above - The Entrepreneur theory of development holds that: _________________?
A. Talented type of individuals play an important role in development
B. Rich capitalists play an important role in development
C. Rich people with the help of some enterprising persons contribute to development
D. None of the above
