NAT II Management Science Economy MCQs With Answers

Question # 1

In 2005-06, the crop area of sugarcane in thousand hectares was:

Choose an answer

540

642

756

907

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Question # 2

What was the share of livestock to the GNP during 2005-06?

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4.7percent

6.5percent

3.5percent

8.0percent

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Question # 3

In 2005-06, the crop area of cotton was 3,096 thousand hectares and the crop area of rice was:

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2,620

982

8,303

4,702

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Question # 4

Which of the following will be TRUE if real income rose and the interest rate fell following an increase in government purchases?

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IS curve must be vertical

LM curve must be vertical

Central Bank must have increased the money supply at the same time

Central Bank must have decreased the money supply at the same time

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Question # 5

If we compare Gross Domestic Product (GDP) with Gross National

1. Product (GNP) then:

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GNP = GDP - Net income from abroad

GNP = GDP + Net income from abroad

GNP = NNP - Net income from abroad

GNP = NNP + Net income from abroad

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Question # 6

For a study of the long term growth of the economy, we use:

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Real GNP

Nominal GNP

Personal income

Disposable personal income

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