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

Skip

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

Skip

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

Skip

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.

Skip

Question # 5

The price elasticity of demand measures the responsiveness of quantity demanded to:

Choose an answer

Quantity demanded

Quantity supplied

Price

Output

Skip

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

Skip

Back