Question # 1

What was the percentage in the production of cotton yarn during July-March 2005-06?

11.1 percent

15.2 percent

17.6 percent

19.2 percent

Who is responsible for profit and loss in the business:

Capitalist

Entrepreneur

Labour

Middleman

A nation's balance of payments can be affected by changes in:

Foreign income

The differential between domestic and foreign interst rates

The real exchange rate

All of the given options

Average revenue is equal to:

Price

Total revenue

Marginal revenue

Average cost

International trade has the benefits:

One

Three

Two

Unlimited

The shape of AR and MR under perfect competition is:

Vertical

U-shape

Horizontal to ox-axis

None of these

NAT II Management Science Economy MCQs With Answers