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NAT II Management Science Economy MCQs With Answers
Question # 1
International trade has the benefits:
Choose an answer
One
Three
Two
Unlimited
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Question # 2
A monopolistically competitive firm in the long run equilibrium:
Choose an answer
Will make negative profit.
Will make zero profit.
Will make positive profit
Any of the given are possible.
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Question # 3
The quality of a commodity which satisfies the human wants:
Choose an answer
Usefulness
Loss
Utility
Return
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Question # 4
The Kachhi Canal water project shall be completed in:
Choose an answer
September 2008
June 2008
April 2009
December 2008
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Question # 5
Real GDP is equal to:
Choose an answer
Nominal GDP - Inflation
Nominal GDP + Inflation
Nominal GDP / Inflation
Inflation / Nominal GDP
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Question # 6
A good for which income and quantity demanded are inversely related is known as:
Choose an answer
Inferior good
Complementary good
Normal good
None of the given options
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