Question # 1

It is a Federal Tax:

Excise duty

Local Tax

Property Tax

None

Who described Economies as a science of wealth:

Piguo

Adam Smith

Robbins

Marshall

National income does not include:

Profit

Wages

Interest

Transfer payments

In the FY 2005-06 the GDP growth rate of Euro area was 1.3 percent, the developing nations 8.6 percent and the world was:

3.5 percent

4.8 percent

4.5 percent

5.5 percent

The Kachhi Canal water project shall be completed in:

September 2008

June 2008

April 2009

December 2008

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

NAT II Management Science Economy MCQs With Answers