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NAT II Management Science Economy MCQs With Answers
Question # 1
Welfare economics is the branch of economics which deals with:
Choose an answer
Positive issues
Normative issues
Micro issues
Macro issues
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Question # 2
What was the share of the major crops of value added in agriculture in 2005-06?
Choose an answer
24.2percent
35.2percent
39.1percent
45percent
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Question # 3
If money supply is fixed by the central bank then in interest rate money supply space, money supply curve will be:
Choose an answer
Horizontal
Vertical
Negatively sloped
Positively sloped
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Question # 4
The economy gets prosperity during:
Choose an answer
Recession
Boom
Depression
Recovery
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Question # 5
The price elasticity of demand for any good must be less than or equal to zero unless:
Choose an answer
The good is a necessity.
The good is a luxury.
The good is a Ciffen good.
None of the given options.
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Question # 6
The shape of AR and MR under perfect competition is:
Choose an answer
Vertical
U-shape
Horizontal to ox-axis
None of these
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