NAT II Management Science Economy MCQs With Answers

Question # 1

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

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Question # 2

The aggregate supply curve is the relationship between:

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The price level and the real domestic output purchased

The price level and the real domestic output produced

The price level which producers are willing to accept and the price level purchasers are willing to pay.

The real domestic output purchased and the real domestic output produced.

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Question # 3

What was the percentage in the production of cotton yarn during July-March 2005-06?

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11.1 percent

15.2 percent

17.6 percent

19.2 percent

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Question # 4

If money supply is fixed by the central bank then in interest rate money supply space, money supply curve will be:

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Horizontal

Vertical

Negatively sloped

Positively sloped

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Question # 5

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

Choose an answer

4.4 percent

5.9 percent

1.8 percent

7.5 percent

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Question # 6

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

Choose an answer

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.

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