Question # 1

What was the share of the major crops of value added in agriculture in 2005-06?

24.2percent

35.2percent

39.1percent

45percent

The per capita income was $742 in 2004-05 but in 2005-06, rose to:

$ 795

$ 847

$ 880

$900

A market is said to be in equilibrium when:

Demand equals output

There is downward pressure on price

The amount consumers wish to buy at the current price equals the amount producers wish to sell at that price

All buyers are able to find sellers willing to sell to them at the current price

Who is the writer of Wealth of Nation?

Marshall

Adam Smith

Robbins

Keynes

The methods of measuring elasticity of supply are:

Three

Two

Four

Five

The interest rate parity is the basic identity that relates which of the following?

Interest rates and exchange rates

Interest rates and inflation rate

Exchange rates and inflation rate

Discount rate and inflation rate

NAT II Management Science Economy MCQs With Answers