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NAT II Management Science Economy MCQs With Answers
Question # 1
Which of the following is TRUE for a Giffen good?
Choose an answer
Its marginal utility is zero
Its demand curve is perfectly elastic
Its substitution effect is positive
Its demand curve is positively sloped
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Question # 2
Inflation on prices:
Choose an answer
Decrease
Remains constant
Increase
Become zero
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Question # 3
The real exchange rate is defined as the:
Choose an answer
Market exchange rate adjusted for prices
Market exchange rate adjusted for interest rates
Market exchange rate
Exchange rate determined by the government
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Question # 4
Mairani Dam is being built in Balochistan Gomal Zam Dam in NWFP and Diamer Bhasha Dam in the region of:
Choose an answer
Punjab
Northern Areas
NWFP
Sindh
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Question # 5
If pen and ink are complements, then an increase in the price of pen will cause:
Choose an answer
An increase in the price of ink
Less ink to the demanded at each price
A decrease in the demand for pen
A rightward shift in the demand curve for ink
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Question # 6
The production of gram in 2005-06, in thousand tons was:
Choose an answer
450
500
527
750
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