NAT I General Science Economics

NAT I General Science Economics

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NAT I General Science Economics

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Question # 1

Phases of trade cycle are:

Question # 2

The other name of law of decreasing return is:

Question # 3

The other name of law of diminishing return is:

Question # 4

The supply of land is:

Question # 5

What remains after deduction of  direct taxes from the personal incom:

Question # 6

Due to devaluation exports become:

Question # 7

Which economist presented the Cardinal Theory of Utility:

Question # 8

Macro Economics was introduced by:

Question # 9

Canons of taxation describes

Question # 10

International trade has the benefits:

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Here is List Of Chapter Wise Tests

Ch. # Test Name MCQs Available PDF File Launch Test
1 NAT I General Science 56 Download PDF Launch Test
1 NAT-IGS General Science Economics Easy Test 56 Download PDF Launch Test
1 NAT-IGS General Science Economics Hard Test 56 Download PDF Launch Test

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NAT-I Economics Important MCQ's

Sr.# Question Answer
1 Rent of building is included in:
A. Fixed cost
B. Variable cost
C. Marginal cost
D. Selling cost
2 When price falls supply:
A. Expands
B. Remains zero
C. Contrasts
D. Become fixed
3 Who criticized Prof.Robbin's definition?
A. Marshall,J.B
B. Beveridge
C. Clark
D. Pigeou
4 Inflation on prices:
A. Decrease
B. Remains constant
C. Increase
D. Become zero
5 It is a Federal Tax:
A. Excise duty
B. Local tax
C. Property tax
D. None
6 Ushr implies on:
A. Agricultural product
B. Industrial product
C. Agricultural & industrial product
D. None of these
7 The elasticity of demand of durable goods is:
A. Zero
B. More than unity
C. Less than unity
D. Equal to unity
8 Which Economists presented the law of diminishing marginal utility:
A. Robbins
B. Malthus
C. Adam Smith
D. Marshall
9 Reward for capital is called:
A. Rent
B. Interest
C. Wages
D. Profit
10 The supply of land is:
A. Infinity
B. Fixed
C. Variable
D. Zero

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