Question # 1

Who is the writer of Wealth of Nation?

Marshall

Adam Smith

Robbins

Keynes

What was the difficulty in the barter System:

Excess of goods

Difference language

Lack of co-incidence

Difference in profession

What was the percentage in the production of cotton yarn during July-March 2005-06?

11.1 percent

15.2 percent

17.6 percent

19.2 percent

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

Increases

Remains constant

Diminshes

Negative

The production of gram in 2005-06, in thousand tons was:

450

500

527

750

Real GDP is equal to:

Nominal GDP - Inflation

Nominal GDP + Inflation

Nominal GDP / Inflation

Inflation / Nominal GDP

NAT II Management Science Economy MCQs With Answers