Question # 1

National income does not include:

Profit

Wages

Interest

Transfer payments

In 2005-06 total production of fish inland and marine in Pakistan was:

5,81,000 tons

6,72,000 tons

7,44,000 tons

8,33,000 tons

Which ASEAN nation had the highest growth rate of 7.5 percent in 2005-06?

Indonesia

Malaysia

Vietnam

Thailand

A good for which income and quantity demanded are inversely related is known as:

Inferior good

Complementary good

Normal good

None of the given options

Marginal cost curve always intersects average cost curve at:

The maximum point

The central point

The minimum point

The vertical point

Personal income includes:

Direct taxes

Indirect taxes

Undivided profit

Both 2nd and 3rd

NAT II Management Science Economy MCQs With Answers