NAT II Management Science Economy MCQs With Answers

Question # 1

The production of gram in 2005-06, in thousand tons was:

Choose an answer

450

500

527

750

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Question # 2

How much amount was allocated for Prime Minister's special intiative for livestock during 2005-06 ?

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Rs. 672 million

Rs. 812 million

Rs. 1,696 million

Rs. 2,400 million

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Question # 3

Which of the following event will lead towards cost-push inflation and therefore stagflation?

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An increase in taxes on individuals

A decrease in real interest rates

A union settlement that increases wage levels

An increase in government purchases

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Question # 4

Canons of taxation describes:

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Marshall

Keynes

Robbins

Adam Smith

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Question # 5

The share of agriculture in the national economy in 2005-06, was:

Choose an answer

21.6percent

16.2percent

12.8percent`

13.4percent

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Question # 6

Which of the following is true about supply curve under monopoly?

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It is same as the competitive market supply curve

It is the portion of marginal cost curve where marginal costs exceed the minimum value of average variable costs

It is the result of market power and production costs

None of the given statements is true

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