Question # 1

In 2005-06, the crop area of cotton was 3,096 thousand hectares and the crop area of rice was:

2,620

982

8,303

4,702

According to law of diminishing marginal utility, the marginal utility:

Increases

Remains constant

Diminshes

Negative

A firm is charging a different price for each unit purchased by a consumer.This is called:

First-degree price discrimination

Second-degree price discrimination

Third-degree price discrimination

None of the given options

What is deducted from GNP to find GDP:

Depreciation allowance

Net income received from abroad

Indirect as

Transfer payments

During 2005-06 maize was grown on an area of 982 thousand hectares and its production was:

3.5 million tones

4.2 million tones

5.2 million tones

6.7 million tones

The Diamer Bhasha Dam will be completed in :

2009

2010

2012

2015

NAT II Management Science Economy MCQs With Answers