Question # 1

The growth rate of Sri-lanka in 2005-06?

4.4 percent

5.9 percent

1.8 percent

7.5 percent

The quality of a commodity which satisfies the human wants:

Usefulness

Loss

Utility

Return

What was the growth recorded by the manufacturing sector during 2005-06?

4.2 percent

5.5percent

7.3percent

8.6percent

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

1. Product (GNP) then:

GNP = GDP - Net income from abroad

GNP = GDP + Net income from abroad

GNP = NNP - Net income from abroad

GNP = NNP + Net income from abroad

Who criticized Prof. Robbin's definition?

Marshall, J.B

Beveridge

Clark

Pigeou

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

NAT II Management Science Economy MCQs With Answers