Question # 1

The elasticity of demand of durable goods is:

Zero

More than unity

Less than unity

Equal to unity

Who is the writer of Wealth of Nation?

Marshall

Adam Smith

Robbins

Keynes

In 2005-06 the growth rate of Saudi Arabia was 6.5 percent, Kuwait 8.5 percent and Bangladesh 5.8 percent. What was the growth rate of Iran?

4.2 percent

3.1 percent

6.7 percent

5.9 percent

What was the percentage in the production of cotton yarn during July-March 2005-06?

11.1 percent

15.2 percent

17.6 percent

19.2 percent

What was the production of cotton in 2005-06?

12.4million bales

16.2 millionbales

18.8 million bales

24.1 million bales

What is deducted from GNP to find GDP:

Depreciation allowance

Net income received from abroad

Indirect as

Transfer payments

NAT II Management Science Economy MCQs With Answers