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Doctors Medicines MCQs Q&A

Which of the following statements are true/false?
1. Consumption goods include all the goods that can be purchased with the income that an individual earns from working.
2. The individual is limited to twenty hours per day for work.
3. Leisure goods are the goods that individuals consume when they are not working.
4. The individual's income from work is limited by the market wage that individual receives for his or her labour skills.

Which of the following statements are true/false?
1. Consumption goods include all the goods that can be purchased with the income that an individual earns from working.
2. The individual is limited to twenty hours per day for work.
3. Leisure goods are the goods that individuals consume when they are not working.
4. The individual's income from work is limited by the market wage that individual receives for his or her labour skills. Correct Answer 1, 3, 4 are true and 2 is false

Related Questions

Read the following passage and answer the item that follows. Your answers to this item should be based on the passage only. The greatest blessing that technological progress has in store for mankind is not, of course, an accumulation of material possessions. The amount of these that can be effectively enjoyed by one individual in one lifetime is not great. But there is not the same narrow limit to the possibilities of the enjoyment of leisure. The gift of leisure may be abused by people who have had no experience of making use of it. Yet the creative use of leisure by a minority in societies has been the mainspring of all human progress beyond the primitive level. With reference to the above passage, the following assumptions have been made: 1. People always see the leisure time as a gift and use it for acquiring more material possessions. 2. Use of leisure by some people to produce new and original things has been the chief source of human progress. Which of these assumptions is/are valid?
Which of the following statement(s) about the 'labour market' is/are true?
1. Like a commodity market, the relationship between a buyer and a seller in a labour market is temporary.
2. There is a diversity of wage rates in a labour market even for similar nature of work.
3. Monopoly in the labour market is extremely rare.
4. Monopsony referring to the buyer's control is more in the labour market.
Which of the following statements are true/ false?
1. With the decrease in wages, the opportunity cost of leisure decreases.
2. An income effect is associated with lower wages.
3. The market demand curve for a particular type of labour is the horizontal summation of the marginal revenue product of labour curves of every firm in the market for that type of labour.
4. The market supply of labour is the number of workers of a particular type and skill level who are willing to supply their labour to firm at different wages.
Which of the following statements is correct about Wage Boards in India?
1. A Wage Board is a tripartite body.
2. Labour and management representatives on a Wage Board can be selected from industries other than the one which is investigated.
3. Wage Boards are always statutory in nature.
4. Wage Boards work on the principle of living wage.
Ramesh works A hours a day and rests B hours a day. This pattern continues for 1 week, with an exactly opposite pattern next week, and so on for four weeks. Every fifth week he adopts a new pattern which then continues for the next four weeks. When he works longer than he rests, his wage per hour is three times what he earns per hour when he rests longer than he works. The following table shows his daily working hours for the week numbered 1 to 13.   1st Week 5th Week 9th Week 13th Week Rest 3 4 5   Work 6 8 9 8   A week consists of six days and a month consists of four weeks. If Ramesh is paid Rs. 60 per working hour in the 1st week, what is his salary for the month? (Assume that he is paid half his wages for his resting hours on duty)
Paddy transplantation in Punjab is a very hard labor-intensive back-breaking job. In the transplant season, teams of special people swarm the entire rural landscape employed by the farmers and can be seen laboring away in the fields under the hot sweltering sun. Farmer Jagtar Singh has a full-time help at his sprawling farm who goes by the name of Hari, and who hails from Allahabad, UP. During the paddy transplant season, it is up to Hari to rope in his brothers, sons, and cousins from his native village to complete the task well in time. All his people are skillful and masters of the trade and equally efficient at their jobs. So, this past season, this is how the work went. Hari started the work and after 't' hours was joined in by his brother Jaggi. After another 't' hours, Neelu, their cousin, also jumped into the fray. So, after every 't' hours, 1 person kept on joining the team of already working men, and this process kept on continuing till the completion of the work. The last person worked for 't' hours. In the last season, the very same men had completed the same work working 2 shifts of 12 hours all of them working simultaneously owing to some peculiar weather conditions and time constraints. Jagtar Singh is a fair and just paymaster which is why he faces no labor shortage at this crucial time and which is why the whole 'Hari clan' are more than happy to work for him and are at his beck and call. He pays each of them individually proportional to the work done by them. This time around, Hari received 11 times as much as Surinder, his eldest son, who was the last person to join in. In how much time was the work completed?
A (a 25 year old man) was B's (a 23 year old woman) neighbour. He fell in love with her and wanted to ask her to enter into a relationship with him. He sent her a number of text messages proclaiming his love for her. She did not respond to his overtures. On November 18, 2013, A went to B's house and told her that he was in love with her, and wanted to marry her. She told him that she was not interested and asked him to leave. A believed that B was only playing hard to get, and if he persisted, she would change her mind. On November 25, 2013, when B was returning home from her workplace, A met her again and proclaimed his love for her again. She again told him that she was not interested, and threatened to complain to the police. In spite of this, a week later, when B was leaving for work, she noticed that A was waiting outside her house, with a bouquet of flowers, and he tried to give her the flowers. B ignored him once again, and went to the police station to complain about A's acts. Under what Section of the Indian Penal Code should the police register the FIR (First Information Report)
The average wage of a worker during a fortnihgt comprising 15 consecutive working days was Taka 90 per day. During the first 7 days, his average wage was Taka 87 per day and the average wage during the last 7 days was Taka 92 per day. What was his wage on the 8th day ?
P, Q, R, S, T, V and W are seven members of the family. There are three female members. Each of them has a difference profession-­Lawyer, Chartered Accountant (CA), Engineer, Teacher, Doctor, Architect and Pharmacist. No Lady is either a pharmacist or a chartered Accountant. Each of them has a different monthly income. The chartered accountant earns the most. S, the engineer, earns less than V, the doctor. R, the teacher, earns more than P and less than S. W’s wife earns the least. T is an unmarried lady Lawyer and she earns less than P and more than only Q. The pharmacist’s income is not the lowest Who earns the least?
Which of the following statements are true/false?
1. Fair wage is above the minimum wage but below the living wage.
2. Living wage is the highest amount of wage proposed by the government.
3. Different states have fixed different minimum wages based on the skill set of the employees.
4. Fair wage works on the formula Equal Pay for Equal work.