Question # 1

Due to devaluation exports become:

Smaller

Larger

Cheaper

Expensive

In monopoly, which of the following is NOT true?

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

In 2005-06 which country had the highest growth rate among the following?

Egypt

Singapore

Kuwait

Nigeria

Double counting in national income refers to:

Counting a product more than once

Counting a product at the final stage of output process

Counting both as product and as factor payment

Counting both as real goods and as money flow

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

24.2percent

35.2percent

39.1percent

45percent

Macro Economics was introduced by

Alfred Marshall

J.M. Keynes

N.W. Senior

J.B. Clark

NAT II Management Science Economy MCQs With Answers