Question # 1

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

450

500

527

750

The other name of law of diminishing return is:

Law of supply

Law of diminishing marginal utility

Law of demand

Law of increasing cost

Who wrote "The Nature and Significance of Economics":

Adam Smith

Marshall

Robbins

Keynes

Given the amount of gross fixed investment percentage of GDP during 2005-06.

14.2 percent

18.4 percent

25.0 percent

26.6 percent

Which of the following event will lead towards cost-push inflation and therefore stagflation?

An increase in taxes on individuals

A decrease in real interest rates

A union settlement that increases wage levels

An increase in government purchases

Inflation will be useful for:

Labourers

Industrialist

Consumers

Pensioners

NAT II Management Science Economy MCQs With Answers