Question # 1

Who presented the quantity theory of money:

Marshall

Robbins

Taussig

Keynes

For knowing the spending capacity of the household sector, we have to use the concept of:

National income

Personal income

Private income

Personal disposable income

Reward the labour is:

Interest

Wages

Profit

Rent

What was the production of cotton in 2005-06?

12.4million bales

16.2 millionbales

18.8 million bales

24.1 million bales

In 2005-06, the crop area of sugarcane in thousand hectares was:

540

642

756

907

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

NAT II Management Science Economy MCQs With Answers