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NAT I General Science Economics MCQs With Answers
Question # 1
Reward for labour is:
Choose an answer
Interest
Wages
Profit
Rent
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Question # 2
Which economist presented the Cardinal Theory of Utility:
Choose an answer
Marshall
Canon
Kroose
J.B Say
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Question # 3
What is deducted from GNP to find GDP.
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Depreciation allowance
Net income received from abroad
Indirect tax
Transfer payments
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Question # 4
Macro Economics was introduced by:
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Alfred Marshall
J.M.Keynes
N.W Senior
J.B.Clark
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Question # 5
Personal income means:
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Own income
Family income
Govt.income
Old income
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Question # 6
Who wrote The Nature and Significance of Economics"
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Adam simth
Marshall
Robbins
Keynes
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Question # 7
In inflation prices:
Choose an answer
Increase
Do not change
Decrease
Become zero
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Question # 8
When price falls supply:
Choose an answer
Expands
Remains zero
Contrasts
Become fixed
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Question # 9
Rent of building is included in:
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Fixed cost
Variable cost
Marginal cost
Selling cost
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Question # 10
The elasticity of demand of durable good is:
Choose an answer
More than unity
Equal to unity
Less than unity
Zero
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Question # 11
It is a Federal Tax:
Choose an answer
Excise duty
Local tax
Property tax
None
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