NAT II Management Science Economy MCQs With Answers

Question # 1

How many methods can be used for cultivation:

Choose an answer

One

Two

Three

Four

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Question # 2

Who presented the quantity theory of money:

Choose an answer

Marshall

Robbins

Taussig

Keynes

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Question # 3

The long run aggregate supply curve will shift to the right if:

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The price level increases.

Factors of production (such as labor and capital) increase

Expenditures (such as consumption and net exports) increase.

The prices of inputs used to produce goods and services (such as wages and the price of oil)descreases

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Question # 4

What was the share of the major crops of value added in agriculture in 2005-06?

Choose an answer

24.2percent

35.2percent

39.1percent

45percent

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Question # 5

As more of a good is consumed, then total utility typically:

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Increases at a decreasing rate.

Decreases as long as marginal utility is negative

Decreases as long as marginal utility is positive

Is negative as long as marginal utility is decreasing.

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Question # 6

Reward for capital is called:

Choose an answer

Rent

Interest

Wages

Profit

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