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NAT II Management Science Economy MCQs With Answers
Question # 1
The GDP growth rate of agriculture sector in 2005-06 was:
Choose an answer
2.5 percent
4.3 percent
1.6 percent
9.3 percent
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Question # 2
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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Question # 3
Double counting in national income refers to:
Choose an answer
Counting a product more than once
Counting a product at the final stage of output process
Counting both as product and as factor payment
Counting both as real goods and as money flow
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Question # 4
During a year aggregate value of produced goods and services of a country is called:
Choose an answer
Per-capita income
Net national income
Personal income
Gross national product
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Question # 5
According to law of increasing return, marginal product:
Choose an answer
Increases
Decreases
Remains constant
None of these
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Question # 6
When national income is increases:
Choose an answer
Standard of living increases
Standard of living decreases
Remains same
Bad thing
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