Question # 1

What was the production of wheat in million tones during 2005-06?

16.6

21.7

26.2

30.8

In 2005-06, bajra was grown on 438 thousand hectares and its production in thousand tons was:

190

221

350

475

Income elasticity show the relationship between:

Income and demand

Income and consumption

Income and price

Income and saving

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

$ 795

$ 847

$ 880

$900

An increase in supply is shown by:

Shifting the supply curve to the left

Shifting the supply curve to the right

Upward movement along the supply curve

Downward movement along the supply curve

The methods of measuring elasticity of supply are:

Three

Two

Four

Five

NAT II Management Science Economy MCQs With Answers