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NAT II Management Science Economy MCQs With Answers
Question # 1
What was the share of livestock to the GNP during 2005-06?
Choose an answer
4.7percent
6.5percent
3.5percent
8.0percent
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Question # 2
Which of the following event will lead towards cost-push inflation and therefore stagflation?
Choose an answer
An increase in taxes on individuals
A decrease in real interest rates
A union settlement that increases wage levels
An increase in government purchases
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Question # 3
If we compare Gross Domestic Product (GDP) with Gross National
1. Product (GNP) then:
Choose an answer
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 # 4
The price elasticity of demand measures the responsiveness of quantity demanded to:
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Quantity demanded
Quantity supplied
Price
Output
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Question # 5
An increase in supply is shown by:
Choose an answer
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
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Question # 6
What was the growth recorded by the manufacturing sector during 2005-06?
Choose an answer
4.2 percent
5.5percent
7.3percent
8.6percent
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