Question # 1

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

Chemicals

Petroleum

Electricals

Basic Metals

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.

For a firm buying labor competitively, the marginal input cost is equal to the:

Wage

Interest rate

Price of output

Cost of raw materials

Due to devaluation exports become:

Smaller

Larger

Cheaper

Expensive

In 2005-06, the crop area of cotton was 3,096 thousand hectares and the crop area of rice was:

2,620

982

8,303

4,702

Who presented the quantity theory of money:

Marshall

Robbins

Taussig

Keynes

NAT II Management Science Economy MCQs With Answers