Question # 1

Which Economists presented the law of diminishing marginal utility:

Robbins

Malthus

Adam Smith

Marshall

The economy gets maximum prosperity during:

Recession

Recovery

Boom

Depression

The market structure in which strategic considerations are most important is:

Monopolistic competition.

Oligopoly.

Pure competition.

Pure monopoly.

Which group of the following showed a negative growth of -58.6 percent during 2005-06?

Chemicals

Petroleum

Electricals

Basic Metals

During a year aggregate value of produced goods and services of a country is called:

Per-capita income

Net national income

Personal income

Gross national product

National income does not include:

Profit

Wages

Interest

Transfer payments

NAT II Management Science Economy MCQs With Answers