Question # 1

Consumer goods are those goods which are used by a man:

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Directly

Off and On

Indirectly

Never

Who wrote The Nature and Significance of Economics"

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Adam simth

Marshall

Robbins

Keynes

How many methods can be used for cultivation

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One

Two

Three

Four

Reward for capital is called:

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Rent

Interest

Wages

Profit

Marginal cost curve always intersects average cost curve at:

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The maximum point

The central point

The minimum point

The vertical point

The elasticity of demand of durable goods is:

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Zero

More than unity

Less than unity

Equal to unity

Factors of production are:

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One

Three

Two

Four

The shape of AR and MR under perfect competition is:

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Vertical

U-shape

Horizontal to ox-axis

None of these

The economy gets prosperity during:

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Recession

Boom

Depression

Recovery

Which economist presented the Cardinal Theory of Utility:

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Marshall

Canon

Kroose

J.B Say

The other name of law of decreasing return is:

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Law of decreasing cost

Law of increasing cost

Law of constant cost

Law of increasing returns

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NAT I General Science Economics MCQs With Answers

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