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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
If total expenditure decrease with the rise in prices elasticity of demand will be:
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Equal to unity
Less than unity
Greater than unity
Equal to zero
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Question # 3
When price falls supply:
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Expands
Contracts
Remains zero
Becomes fixed
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Question # 4
The production of gram in 2005-06, in thousand tons was:
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450
500
527
750
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Question # 5
"Government collects zero revenue if the tax rate is 0% and if the tax rate is 100%." Which of the following best describes this statement?
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Consumption curve
Supply curve
Laffer curve
Investment curve
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Question # 6
The real exchange rate is defined as the:
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Market exchange rate adjusted for prices
Market exchange rate adjusted for interest rates
Market exchange rate
Exchange rate determined by the government
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