Question # 1

When national income is increases:

Standard of living increases

Standard of living decreases

Remains same

Bad thing

A monopolistically competitive firm in short run equilibrium:

Will make negative profit (lose money).

Will make zero profit (break-even)

Will make positive profit

Any of the given are possible.

According to law of diminishing marginal utility, the marginal utility:

Increases

Remains constant

Diminshes

Negative

The market structure in which strategic considerations are most important is:

Monopolistic competition.

Oligopoly.

Pure competition.

Pure monopoly.

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

Directly

Off and On

Indirectly

Never

Which group of the following showed a negative growth of -58.6 percent during 2005-06?

Chemicals

Petroleum

Electricals

Basic Metals

NAT II Management Science Economy MCQs With Answers