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NAT II Management Science Economy MCQs With Answers
Question # 1
Which of the following is TRUE for a Giffen good?
Choose an answer
Its marginal utility is zero
Its demand curve is perfectly elastic
Its substitution effect is positive
Its demand curve is positively sloped
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Question # 2
If total expenditure decrease with the rise in prices elasticity of demand will be:
Choose an answer
Equal to unity
Less than unity
Greater than unity
Equal to zero
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Question # 3
What was the production of wheat in million tones during 2005-06?
Choose an answer
16.6
21.7
26.2
30.8
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Question # 4
In 2005-06, the percentage of total investment to GDP was:
Choose an answer
8 percent
10percent
15percent
20percent
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Question # 5
The economy gets prosperity during:
Choose an answer
Recession
Boom
Depression
Recovery
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Question # 6
Marginal cost curve always intersects average cost curve at:
Choose an answer
The maximum point
The central point
The minimum point
The vertical point
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