Question # 1

What was the difficulty in the barter System:

Excess of goods

Difference language

Lack of co-incidence

Difference in profession

The GDP growth rate of agriculture sector in 2005-06 was:

2.5 percent

4.3 percent

1.6 percent

9.3 percent

The methods of measuring elasticity of supply are:

Three

Two

Four

Five

The other name of law of diminishing return is:

Law of supply

Law of diminishing marginal utility

Law of demand

Law of increasing cost

Reward for capital is called:

Rent

Interest

Wages

Profit

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

NNI

DPI

NDI

GNP

NAT II Management Science Economy MCQs With Answers