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NAT II Management Science Economy MCQs With Answers

Question # 1

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

Choose an answer

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 # 2

Give the share of commodity producing the sector in the GNP in 2005-06?

Choose an answer

2.5 percent

4.3percent

3.8percent

7.2percent

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Question # 3

The supply of land is:

Choose an answer

Infinity

Fixed

Variable

Zero

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Question # 4

Which group of the following showed a negative growth of -58.6 percent during 2005-06?

Choose an answer

Chemicals

Petroleum

Electricals

Basic Metals

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Question # 5

In 2005-06 which country had the highest growth rate among the following?

Choose an answer

Egypt

Singapore

Kuwait

Nigeria

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Question # 6

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

Choose an answer

Directly

Off and On

Indirectly

Never

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Question # 7

What was the production of wheat in million tones during 2005-06?

Choose an answer

16.6

21.7

26.2

30.8

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Question # 8

Who described Economies as a science of wealth:

Choose an answer

Piguo

Adam Smith

Robbins

Marshall

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Question # 9

In 2005-06 the share of chemicals was 9.08 percent and the share of electricals was:

Choose an answer

4.6 percent

8.2 percent

11.78 percent

16.3 percent

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