Question # 1

Which economist presented the Cardinal Theory of Utility:

Choose an answer

Marshall

Canon

Kroose

J.B Say

When national income is increases:

Choose an answer

Standard of living increases

Standard of living decreases

Remains same

Bad thing

Marginal cost curve always intersects average cost curve at:

Choose an answer

The maximum point

The central point

The minimum point

The vertical point

Slope of demand curve is:

Choose an answer

Negative

Zero

Positive

Fixed

The shape of AR and MR under perfect competition is:

Choose an answer

Vertical

U-shape

Horizontal to ox-axis

None of these

The elasticity of demand of durable good is:

Choose an answer

More than unity

Equal to unity

Less than unity

Zero

Rent of building is included in:

Choose an answer

Fixed cost

Variable cost

Marginal cost

Selling cost

How many methods can be used for cultivation

Choose an answer

One

Two

Three

Four

If total expenditure decreases with the rise in price elasticity of demand will be

Choose an answer

Equal to unity

Less than unity

Greater than unity

Equal to zero

It is a Federal Tax:

Choose an answer

Excise duty

Local tax

Property tax

None

Who criticized Prof.Robbin's definition?

Choose an answer

Marshall,J.B

Beveridge

Clark

Pigeou

More Classes

Other Links

NAT I Commerce Economics MCQs With Answers

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer