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NAT II Management Science Economy MCQs With Answers
Question # 1
In inflation prices:
Choose an answer
Increase
Do not change
Decrease
Become zero
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Question # 2
National income does not include:
Choose an answer
Profit
Wages
Interest
Transfer payments
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Question # 3
Rent of building is included in:
Choose an answer
Fixed cost
Variable cost
Marginal cost
Selling cost
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Question # 4
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 # 5
The shape of AR and MR under perfect competition is:
Choose an answer
Vertical
U-shape
Horizontal to ox-axis
None of these
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Question # 6
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
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