Question # 1

The quality of a commodity which satisfies the human wants:

Usefulness

Loss

Utility

Return

According to law of increasing return, marginal product:

Increases

Decreases

Remains constant

None of these

If money supply is fixed by the central bank then in interest rate money supply space, money supply curve will be:

Horizontal

Vertical

Negatively sloped

Positively sloped

What was the difficulty in the barter System:

Excess of goods

Difference language

Lack of co-incidence

Difference in profession

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

4.6 percent

8.2 percent

11.78 percent

16.3 percent

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.

NAT II Management Science Economy MCQs With Answers