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NAT II Management Science Economy MCQs With Answers
Question # 1
In inflation prices:
Choose an answer
Increase
Do not change
Decrease
Become zero
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Question # 2
Who presented the quantity theory of money:
Choose an answer
Marshall
Robbins
Taussig
Keynes
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Question # 3
"Government collects zero revenue if the tax rate is 0% and if the tax rate is 100%." Which of the following best describes this statement?
Choose an answer
Consumption curve
Supply curve
Laffer curve
Investment curve
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Question # 4
Double counting in national income refers to:
Choose an answer
Counting a product more than once
Counting a product at the final stage of output process
Counting both as product and as factor payment
Counting both as real goods and as money flow
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Question # 5
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 # 6
Given the amount of gross fixed investment percentage of GDP during 2005-06.
Choose an answer
14.2 percent
18.4 percent
25.0 percent
26.6 percent
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