Question # 1

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

The supply of perishable goods is:

Fixed

Variable

Minor change

Zero

The production of gram in 2005-06, in thousand tons was:

450

500

527

750

A good for which income and quantity demanded are inversely related is known as:

Inferior good

Complementary good

Normal good

None of the given options

In inflation prices:

Increase

Do not change

Decrease

Become zero

Who is responsible for profit and loss in the business:

Capitalist

Entrepreneur

Labour

Middleman

NAT II Management Science Economy MCQs With Answers