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NAT II Management Science Economy MCQs With Answers
Question # 1
What was the number of buffaloes in 2005-06?
Choose an answer
12 million
28.4 million
34 million
40 million
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Question # 2
The aggregate supply curve is the relationship between:
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The price level and the real domestic output purchased
The price level and the real domestic output produced
The price level which producers are willing to accept and the price level purchasers are willing to pay.
The real domestic output purchased and the real domestic output produced.
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Question # 3
If pen and ink are complements, then an increase in the price of pen will cause:
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An increase in the price of ink
Less ink to the demanded at each price
A decrease in the demand for pen
A rightward shift in the demand curve for ink
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Question # 4
Who wrote "The Nature and Significance of Economics":
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Adam Smith
Marshall
Robbins
Keynes
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Question # 5
For knowing the spending capacity of the household sector, we have to use the concept of:
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National income
Personal income
Private income
Personal disposable income
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Question # 6
Rent of building is included in:
Choose an answer
Fixed cost
Variable cost
Marginal cost
Selling cost
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