Question # 1

Reward for labour is:

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Interest

Wages

Profit

Rent

International trade has the benefits:

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One

Unlimited

Two

Three

According to law of diminishing marginal utility the marginal utility:

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Increases

Remains constant

Diminishes

Negative

The supply of perishable goods is:

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Fixed

Variable

Minor change

Zero

What was the difficulty in the barter System:

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Excess of goods

Difference language

Lack of co-incidence

Difference in proffession

Ushr implies on:

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Agricultural product

Industrial product

Agricultural & industrial product

None of these

The shape of AR and MR under perfect competition is:

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Vertical

U-shape

Horizontal to ox-axis

None of these

It is a Federal Tax:

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Excise duty

Local tax

Property tax

None

How many methods can be used for cultivation

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One

Two

Three

Four

The quality of a good which satisfies a human want is called as:

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Service

Cost

Utility

None

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NAT I Commerce Economics MCQs With Answers

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