NAT IIM Management Science Economy Online Test for Pakistani Students

NAT II Management Science Economy

Sr. #	Questions	Answers Choice
1	The elasticity of demand of durable goods is	More than unity Equal to unity Less than unity Zero
2	Consumer goods are those goods which are used by a man:	Directly Off and On Indirectly Never
3	According to law of diminishing marginal utility, the marginal utility:	Increases Remains constant Diminshes Negative
4	The quality of a good which satisfies a human want is called as:	Service Cost Utility None
5	Which economist presented the Cardinal Theory of Utility:	Marshall Canon Kroose J.B. Say