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MCQ's Test For NAT-IGS General Science Economics Easy Test
Try The MCQ's Test For NAT-IGS General Science Economics Easy Test
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Total Questions20
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Time Allowed20
NAT-IGS General Science Economics Easy Test
00:00
Question # 1
During a year aggregate value of produced goods and services of a country is called:
Question # 2
Who is responsible for profit and loss in the business:
Question # 3
The economy gets prosperity during:
Question # 4
Who described Economics as a scienece of wealth:
Question # 5
The methods of measuring elasticity of supply are:
Question # 6
According to law of diminishing marginal utility the marginal utility:
Question # 7
National income does not include:
Question # 8
The supply of perishable goods is:
Question # 9
The supply of land is:
Question # 10
Inflation on prices:
Question # 11
Who criticized Prof.Robbin's definition?
Question # 12
Who presented the quantity theory of money:
Question # 13
The quality of a commodity which satisfies the human wants:
Question # 14
Factors of production are:
Question # 15
Income elasticity show the relationship between:
Question # 16
Macro Economics was introduced by:
Question # 17
Due to devaluation exports become:
Question # 18
Canons of taxation describes
Question # 19
When price falls supply:
Question # 20
The elasticity of demand of durable goods is:
NAT-I Economics Chapter 1 Important MCQ's
| Sr.# | Question | Answer |
|---|---|---|
| 1 | Who criticized Prof.Robbin's definition? |
A. Marshall,J.B
B. Beveridge
C. Clark
D. Pigeou
|
| 2 | Consumer goods are those goods which are used by a man: |
A. Directly
B. Off and On
C. Indirectly
D. Never
|
| 3 | It is a Federal Tax: |
A. Excise duty
B. Local tax
C. Property tax
D. None
|
| 4 | How many methods can be used for cultivation |
A. One
B. Two
C. Three
D. Four
|
| 5 | The elasticity of demand of durable goods is: |
A. Zero
B. More than unity
C. Less than unity
D. Equal to unity
|
| 6 | Who described Economics as a scienece of wealth: |
A. Piguo
B. Adam Smith
C. Robbins
D. Marshall
|
| 7 | What is deducted from GNP to find GDP. |
A. Depreciation allowance
B. Net income received from abroad
C. Indirect tax
D. Transfer payments
|
| 8 | Income elasticity show the relationship between: |
A. Income and demand
B. Income and consumption
C. Income and price
D. Income and saving
|
| 9 | Average revenue is equal to: |
A. Price
B. Marginal revenue
C. Total revenue
D. Average cost
|
| 10 | Personal income includes: |
A. Direct taxes
B. Indirect taxes
C. Undivided profit
D. Both 2nd and 3rd
|
Test Questions
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