Question # 1

A good for which income and quantity demanded are inversely related is known as:

Inferior good

Complementary good

Normal good

None of the given options

Which of the following large-scale items showed a negative growth of -47.97 percent during July-March 2005-06?

Sugar

Vegetable Ghee

Billets

Cement

As compared to existing firms, a new firm entering in monopolist market has:

High costs

Low costs

Equal costs

None of the given options

The market structure in which strategic considerations are most important is:

Monopolistic competition.

Oligopoly.

Pure competition.

Pure monopoly.

In February 2006, the Avian Influenza was reported by poultry farm in:

Hyderabad

Karachi

Multan

Charsadda

In 2005-06, the crop area of cotton was 3,096 thousand hectares and the crop area of rice was:

2,620

982

8,303

4,702

NAT II Management Science Economy MCQs With Answers