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NAT II Management Science Economy MCQs With Answers
Question # 1
In 2005-06, the crop area of cotton was 3,096 thousand hectares and the crop area of rice was:
Choose an answer
2,620
982
8,303
4,702
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Question # 2
Which of the following is true about supply curve under monopoly?
Choose an answer
It is same as the competitive market supply curve
It is the portion of marginal cost curve where marginal costs exceed the minimum value of average variable costs
It is the result of market power and production costs
None of the given statements is true
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Question # 3
Consumer goods are those goods which are used by a man:
Choose an answer
Directly
Off and On
Indirectly
Never
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Question # 4
Marginal cost curve always intersects average cost curve at:
Choose an answer
The maximum point
The central point
The minimum point
The vertical point
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Question # 5
The elasticity of demand of durable goods is
Choose an answer
More than unity
Equal to unity
Less than unity
Zero
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Question # 6
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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