Question # 1

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

Which of the following is true about supply curve under monopoly?

It is same as the competitive market supply curve

It is the portion of marginal cost curve where marginal costs exceed the minimum value of average variable costs

It is the result of market power and production costs

None of the given statements is true

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

16.6

21.7

26.2

30.8

What was the difficulty in the barter System:

Excess of goods

Difference language

Lack of co-incidence

Difference in profession

During 2005-06, the construction sector contributed 9.2 percent to GNP and the share of fishing was:

9.2percent

4.4percent

1.9percent

-3.6percent

Which economist presented the Cardinal Theory of Utility:

Marshall

Canon

Kroose

J.B. Say

NAT II Management Science Economy MCQs With Answers