NAT II Management Science Economy MCQs With Answers

Question # 1

A firm is charging a different price for each unit purchased by a consumer.This is called:

Choose an answer

First-degree price discrimination

Second-degree price discrimination

Third-degree price discrimination

None of the given options

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Question # 2

During a year aggregate value of produced goods and services of a country is called:

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Per-capita income

Net national income

Personal income

Gross national product

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Question # 3

A market is said to be in equilibrium when:

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Demand equals output

There is downward pressure on price

The amount consumers wish to buy at the current price equals the amount producers wish to sell at that price

All buyers are able to find sellers willing to sell to them at the current price

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Question # 4

The share of the automobile group in manufacturing group in 2005-06 was:

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20.2 percent

29.7 percent

14.4 percent

16.8 percent

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Question # 5

A monopolistically competitive firm in the long run equilibrium:

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Will make negative profit.

Will make zero profit.

Will make positive profit

Any of the given are possible.

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Question # 6

The interest rate parity is the basic identity that relates which of the following?

Choose an answer

Interest rates and exchange rates

Interest rates and inflation rate

Exchange rates and inflation rate

Discount rate and inflation rate

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