Question # 1

Slope of demand curve is:

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Negative

Zero

Positive

Fixed

The quality of a commodity which satisfies the human wants:

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Usefulness

Loss

Utility

Return

In monopoly the number of firms is:

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One

Three

Two

Unlimited

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

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Equal to unity

Less than unity

Greater than unity

Equal to zero

Who presented the quantity theory of money:

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Marshall

Robbins

Taussig

Keynes

Consumer goods are those goods which are used by a man:

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Directly

Off and On

Indirectly

Never

The supply of perishable goods is:

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Fixed

Variable

Minor change

Zero

Average revenue is equal to:

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Price

Marginal revenue

Total revenue

Average cost

Which economist presented the Cardinal Theory of Utility:

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Marshall

Canon

Kroose

J.B Say

Inflation will be useful for:

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Labourers

Industrialist

Consumers

Pensioners

Due to devaluation exports become:

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Smaller

Larger

Cheaper

Expensive

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NAT I General Science Economics MCQs With Answers

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