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NAT II Management Science Economy MCQs With Answers
Question # 1
What remains after deduction of direct taxes lions the personal income:
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NNI
DPI
NDI
GNP
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Question # 2
What is deducted from GNP to find GDP:
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Depreciation allowance
Net income received from abroad
Indirect as
Transfer payments
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Question # 3
The other name of law of diminishing return is:
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Law of supply
Law of diminishing marginal utility
Law of demand
Law of increasing cost
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Question # 4
Which group of the following showed a negative growth of -58.6 percent during 2005-06?
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Chemicals
Petroleum
Electricals
Basic Metals
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Question # 5
The elasticity of demand of durable goods is
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More than unity
Equal to unity
Less than unity
Zero
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Question # 6
Reward for capital is called:
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Rent
Interest
Wages
Profit
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