NAT II Management Science Economy MCQs With Answers

Question # 1

In 2005-06 the share of chemicals was 9.08 percent and the share of electricals was:

Choose an answer

4.6 percent

8.2 percent

11.78 percent

16.3 percent

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Question # 2

What was the share of the major crops of value added in agriculture in 2005-06?

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24.2percent

35.2percent

39.1percent

45percent

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Question # 3

The share of agriculture in the national economy in 2005-06, was:

Choose an answer

21.6percent

16.2percent

12.8percent`

13.4percent

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Question # 4

Which economist presented the Cardinal Theory of Utility:

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Marshall

Canon

Kroose

J.B. Say

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Question # 5

In monopoly, which of the following is NOT true?

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Products are differentiated

There is freedom of entry and exit into the industry in the long run

The firm is a price maker

There is one main seller

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Question # 6

The long run aggregate supply curve will shift to the right if:

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The price level increases.

Factors of production (such as labor and capital) increase

Expenditures (such as consumption and net exports) increase.

The prices of inputs used to produce goods and services (such as wages and the price of oil)descreases

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