Question # 1

The supply of land is:

Infinity

Fixed

Variable

Zero

The growth rate of Sri-lanka in 2005-06?

4.4 percent

5.9 percent

1.8 percent

7.5 percent

What was the production of cotton in 2005-06?

12.4million bales

16.2 millionbales

18.8 million bales

24.1 million bales

Price floor results in:

All of the given options

Excess supply.

Equilibrium

Excess demand

During 2005-06 maize was grown on an area of 982 thousand hectares and its production was:

3.5 million tones

4.2 million tones

5.2 million tones

6.7 million tones

A good for which income and quantity demanded are inversely related is known as:

Inferior good

Complementary good

Normal good

None of the given options

NAT II Management Science Economy MCQs With Answers