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NAT II Management Science Economy MCQs With Answers
Question # 1
Which of the following economists came up with a theory regarding the tradeoff between unemployment and inflation?
Choose an answer
A.W. Phillips
John Maynard Keynes
Joseph Schumpeter
Milton Friedman
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Question # 2
What was the contribution of the services sector to the GNP in FY 2005-06.
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9.2 percent
3.5 percent
8.8 percent
4.7 percent
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Question # 3
To find the profit maximizing level of output, a firm finds the output level where:
Choose an answer
Price equals marginal cost
Marginal revenue and average total cost
Price equals marginal revenue
None of the given options
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Question # 4
What was the number of buffaloes in 2005-06?
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12 million
28.4 million
34 million
40 million
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Question # 5
What remains after deduction of direct taxes lions the personal income:
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NNI
DPI
NDI
GNP
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Question # 6
Double counting in national income refers to:
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Counting a product more than once
Counting a product at the final stage of output process
Counting both as product and as factor payment
Counting both as real goods and as money flow
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