NAT II Management Science Economy MCQs With Answers

Question # 1

During a year aggregate value of produced goods and services of a country is called:

Choose an answer

Per-capita income

Net national income

Personal income

Gross national product

Skip

Question # 2

As compared to existing firms, a new firm entering in monopolist market has:

Choose an answer

High costs

Low costs

Equal costs

None of the given options

Skip

Question # 3

Which of the following event will lead towards cost-push inflation and therefore stagflation?

Choose an answer

An increase in taxes on individuals

A decrease in real interest rates

A union settlement that increases wage levels

An increase in government purchases

Skip

Question # 4

When price falls supply:

Choose an answer

Expands

Contracts

Remains zero

Becomes fixed

Skip

Question # 5

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

Choose an answer

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

Skip

Question # 6

What was the growth recorded by the manufacturing sector during 2005-06?

Choose an answer

4.2 percent

5.5percent

7.3percent

8.6percent

Skip

Back