Question # 1

A tax on the accounting profits of corporations is known as:

Sales tax

Excise tax

Corporate income tax

Personal income tax

National income does not include:

Profit

Wages

Interest

Transfer payments

Inflation will be useful for:

Labourers

Industrialist

Consumers

Pensioners

What was the production of cotton in 2005-06?

12.4million bales

16.2 millionbales

18.8 million bales

24.1 million bales

Give the production of sugarcane in Pakistan in 2005-06?

22 millions tons

33 million tons

44 million tons

55 million tons

An increase in supply is shown by:

Shifting the supply curve to the left

Shifting the supply curve to the right

Upward movement along the supply curve

Downward movement along the supply curve

NAT II Management Science Economy MCQs With Answers