Online NAT IGS General Science Economics Test Preparation for Pakistani Students

NAT I General Science 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