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NAT II Management Science Economy MCQs With Answers
Question # 1
The production of gram in 2005-06, in thousand tons was:
Choose an answer
450
500
527
750
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Question # 2
The other name of law of diminishing return is:
Choose an answer
Law of supply
Law of diminishing marginal utility
Law of demand
Law of increasing cost
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Question # 3
Who wrote "The Nature and Significance of Economics":
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Adam Smith
Marshall
Robbins
Keynes
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Question # 4
Given the amount of gross fixed investment percentage of GDP during 2005-06.
Choose an answer
14.2 percent
18.4 percent
25.0 percent
26.6 percent
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Question # 5
Which of the following event will lead towards cost-push inflation and therefore stagflation?
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An increase in taxes on individuals
A decrease in real interest rates
A union settlement that increases wage levels
An increase in government purchases
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Question # 6
Inflation will be useful for:
Choose an answer
Labourers
Industrialist
Consumers
Pensioners
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