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NAT II Management Science Economy MCQs With Answers
Question # 1
In 2005-06, the crop area of sugarcane in thousand hectares was:
Choose an answer
540
642
756
907
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Question # 2
A good for which income and quantity demanded are inversely related is known as:
Choose an answer
Inferior good
Complementary good
Normal good
None of the given options
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Question # 3
What was the percentage in the production of cotton yarn during July-March 2005-06?
Choose an answer
11.1 percent
15.2 percent
17.6 percent
19.2 percent
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Question # 4
A monopolistically competitive firm in the long run equilibrium:
Choose an answer
Will make negative profit.
Will make zero profit.
Will make positive profit
Any of the given are possible.
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Question # 5
The price elasticity of demand measures the responsiveness of quantity demanded to:
Choose an answer
Quantity demanded
Quantity supplied
Price
Output
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Question # 6
In 2005-06 the growth rate of Saudi Arabia was 6.5 percent, Kuwait 8.5 percent and Bangladesh 5.8 percent. What was the growth rate of Iran?
Choose an answer
4.2 percent
3.1 percent
6.7 percent
5.9 percent
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