Question # 1

Ushr implies on:

Agricultural product

Industrial product

Agricultural & industrial product

None of these

The quality of a commodity which satisfies the human wants:

Usefulness

Loss

Utility

Return

Average revenue is equal to:

Price

Total revenue

Marginal revenue

Average cost

Who criticized Prof. Robbin's definition?

Marshall, J.B

Beveridge

Clark

Pigeou

The other name of law of diminishing return is:

Law of supply

Law of diminishing marginal utility

Law of demand

Law of increasing cost

The growth rate of Sri-lanka in 2005-06?

4.4 percent

5.9 percent

1.8 percent

7.5 percent

NAT II Management Science Economy MCQs With Answers