Question # 1

The elasticity of demand of durable goods is

More than unity

Equal to unity

Less than unity

Zero

The growth rate of Sri-lanka in 2005-06?

4.4 percent

5.9 percent

1.8 percent

7.5 percent

The Kachhi Canal water project shall be completed in:

September 2008

June 2008

April 2009

December 2008

In 2005-06 total production of fish inland and marine in Pakistan was:

5,81,000 tons

6,72,000 tons

7,44,000 tons

8,33,000 tons

Under the kinked demand curve model, an increase in marginal cost will lead to:

An increase in output level and a decrease in price.

A decrease in output level and an increase in price.

A decrease in output level and no change in price.

Neither a change in output level our a change in price.

If we compare Gross Domestic Product (GDP) with Gross National

1. Product (GNP) then:

GNP = GDP - Net income from abroad

GNP = GDP + Net income from abroad

GNP = NNP - Net income from abroad

GNP = NNP + Net income from abroad

NAT II Management Science Economy MCQs With Answers