Question # 1

For a firm buying labor competitively, the marginal input cost is equal to the:

Wage

Interest rate

Price of output

Cost of raw materials

What was the production of rice in million tons in 2005-06?

4.4

5.5

6.6

7.7

In inflation prices:

Increase

Do not change

Decrease

Become zero

Price floor results in:

All of the given options

Excess supply.

Equilibrium

Excess demand

What was the contribution of the services sector to the GNP in FY 2005-06.

9.2 percent

3.5 percent

8.8 percent

4.7 percent

How many methods can be used for cultivation:

One

Two

Three

Four

NAT II Management Science Economy MCQs With Answers