NAT I Commerce Economics With Answers

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NAT I Commerce Economics

Sr. # Questions Answers Choice
1 Who is responsible for profit and loss in the business: <span style="font-size: 14.44444465637207px;">Capitalist</span> <span style="font-size: 14.44444465637207px;">Entrepreneur</span> <span style="font-size: 14.44444465637207px;">Labour</span> <span style="font-size: 14.44444465637207px;">Middleman</span>
2 Rent of building is included in: Fixed cost Variable cost Marginal cost Selling cost
3 The elasticity of demand of durable goods is: Zero More than unity Less than unity Equal to unity
4 The other name of law of diminishing return is: Law of supply Law of diminishing marginal utility Law of demand Law of increasing cost
5 According to law of increasing return marginal product: Increases Decreases Remains constant None of these
6 The methods of measuring elasticity of supply are: Three Two Four Five
7 Which Economists presented the law of diminishing marginal utility: Robbins Malthus Adam Smith Marshall
8 It is a Federal Tax: Excise duty Local tax Property tax None
9 The economy gets prosperity during: Recession Boom Depression Recovery
10 Inflation will be useful for: Labourers Industrialist Consumers Pensioners
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