NAT II Management Science Economy MCQs With Answers

Question # 1

The shape of AR and MR under perfect competition is:

Vertical

U-shape

Horizontal to ox-axis

None of these

Question # 2

In 2005-06 which country had the highest growth rate among the following?

Egypt

Singapore

Kuwait

Nigeria

Question # 3

What was the difficulty in the barter System:

Excess of goods

Difference language

Lack of co-incidence

Difference in profession

Question # 4

In the short run, the equilibrium price level and the equilibrium level of total output are determined by the intersection of:

The aggregate demand, the short-run aggregate supply and the long-run aggregate supply curves

The short-run aggregate supply and the long-run aggregate supply curves

The aggregate demand and the short-run aggregate supply curves

The aggregate demand and the long-run aggregate supply curves

Question # 5

The total cost (TC) function is given as: TC = 200 + 5Q. What is the fixed cost?

5 + (200/Q)

200

Question # 6

"Government collects zero revenue if the tax rate is 0% and if the tax rate is 100%." Which of the following best describes this statement?

Consumption curve

Supply curve

Laffer curve

Investment curve

Back