NAT II Management Science Economy MCQs With Answers

Question # 1

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

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Interest rates and exchange rates

Interest rates and inflation rate

Exchange rates and inflation rate

Discount rate and inflation rate

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Question # 2

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

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First-degree price discrimination

Second-degree price discrimination

Third-degree price discrimination

None of the given options

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Question # 3

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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Question # 4

The price elasticity of demand for any good must be less than or equal to zero unless:

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The good is a necessity.

The good is a luxury.

The good is a Ciffen good.

None of the given options.

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Question # 5

Who described Economies as a science of wealth:

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Piguo

Adam Smith

Robbins

Marshall

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Question # 6

Which economist presented the Cardinal Theory of Utility:

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Marshall

Canon

Kroose

J.B. Say

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