Question # 1

As more of a good is consumed, then total utility typically:

Increases at a decreasing rate.

Decreases as long as marginal utility is negative

Decreases as long as marginal utility is positive

Is negative as long as marginal utility is decreasing.

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

In 2005-06 the share of chemicals was 9.08 percent and the share of electricals was:

4.6 percent

8.2 percent

11.78 percent

16.3 percent

In inflation prices:

Increase

Do not change

Decrease

Become zero

When national income is increases:

Standard of living increases

Standard of living decreases

Remains same

Bad thing

The share of the automobile group in manufacturing group in 2005-06 was:

20.2 percent

29.7 percent

14.4 percent

16.8 percent

NAT II Management Science Economy MCQs With Answers