Question # 1

The shape of AR and MR under perfect competition is:

Vertical

U-shape

Horizontal to ox-axis

None of these

The supply of land is:

Infinity

Fixed

Variable

Zero

What remains after deduction of direct taxes lions the personal income:

NNI

DPI

NDI

GNP

Double counting in national income refers to:

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

Which sector contributed to 22 percent to GDP in Pakistan in 2005-06?

Services

Transport

Mining

Agriculture

In 2005-06 the growth rate of Saudi Arabia was 6.5 percent, Kuwait 8.5 percent and Bangladesh 5.8 percent. What was the growth rate of Iran?

4.2 percent

3.1 percent

6.7 percent

5.9 percent

NAT II Management Science Economy MCQs With Answers