Question # 1

What remains after deduction of direct taxes lions the personal income:

NNI

DPI

NDI

GNP

What is deducted from GNP to find GDP:

Depreciation allowance

Net income received from abroad

Indirect as

Transfer payments

The other name of law of diminishing return is:

Law of supply

Law of diminishing marginal utility

Law of demand

Law of increasing cost

Which group of the following showed a negative growth of -58.6 percent during 2005-06?

Chemicals

Petroleum

Electricals

Basic Metals

The elasticity of demand of durable goods is

More than unity

Equal to unity

Less than unity

Zero

Reward for capital is called:

Rent

Interest

Wages

Profit

NAT II Management Science Economy MCQs With Answers