Question # 1

The shape of AR and MR under perfect competition is:

Vertical

U-shape

Horizontal to ox-axis

None of these

Reward the labour is:

Interest

Wages

Profit

Rent

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

4.4 percent

5.9 percent

1.8 percent

7.5 percent

The quality of a commodity which satisfies the human wants:

Usefulness

Loss

Utility

Return

Who described Economies as a science of wealth:

Piguo

Adam Smith

Robbins

Marshall

Which ASEAN nation had the highest growth rate of 7.5 percent in 2005-06?

Indonesia

Malaysia

Vietnam

Thailand

NAT II Management Science Economy MCQs With Answers