NAT I Commerce Economics With Answers

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NAT I Commerce Economics

Sr. # Questions Answers Choice
1 In inflation prices: Increase Do not change Decrease Become zero
2 What was the difficulty in the barter System: Excess of goods Difference language Lack of co-incidence Difference in proffession
3 What is deducted from GNP to find GDP. Depreciation allowance Net income received from abroad Indirect tax Transfer payments
4 What remains after deduction of  direct taxes from the personal incom: NNI DPI NDI GNP
5 The unity method of elasticity of demand was presented by: Adam Smith Marshall J.R Hicks Pigeou
6 The elasticity of demand of durable good is: More than unity Equal to unity Less than unity Zero
7 Consumer goods are those goods which are used by a man: Directly Off and On Indirectly Never
8 According to law of diminishing marginal utility the marginal utility: Increases Remains constant Diminishes Negative
9 The quality of a good which satisfies a human want is called as: Service Cost Utility None
10 Which economist presented the Cardinal Theory of Utility: <span style="font-size: 14.44444465637207px;">Marshall</span> <span style="font-size: 14.44444465637207px;">Canon</span> <span style="font-size: 14.44444465637207px;">Kroose</span> <span style="font-size: 14.44444465637207px;">J.B Say</span>
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