Question # 1

If money supply is fixed by the central bank then in interest rate money supply space, money supply curve will be:

Horizontal

Vertical

Negatively sloped

Positively sloped

Income elasticity show the relationship between:

Income and demand

Income and consumption

Income and price

Income and saving

In February 2006, the Avian Influenza was reported by poultry farm in:

Hyderabad

Karachi

Multan

Charsadda

Consumer goods are those goods which are used by a man:

Directly

Off and On

Indirectly

Never

A market is said to be in equilibrium when:

Demand equals output

There is downward pressure on price

The amount consumers wish to buy at the current price equals the amount producers wish to sell at that price

All buyers are able to find sellers willing to sell to them at the current price

What was the contribution of the services sector to the GNP in FY 2005-06.

9.2 percent

3.5 percent

8.8 percent

4.7 percent

NAT II Management Science Economy MCQs With Answers