Question # 1

The per capita income was $742 in 2004-05 but in 2005-06, rose to:

$ 795

$ 847

$ 880

$900

Double counting in national income refers to:

Counting a product more than once

Counting a product at the final stage of output process

Counting both as product and as factor payment

Counting both as real goods and as money flow

The quality of a commodity which satisfies the human wants:

Usefulness

Loss

Utility

Return

Who wrote "The Nature and Significance of Economics":

Adam Smith

Marshall

Robbins

Keynes

During 2005-06, the construction sector contributed 9.2 percent to GNP and the share of fishing was:

9.2percent

4.4percent

1.9percent

-3.6percent

Marginal cost curve always intersects average cost curve at:

The maximum point

The central point

The minimum point

The vertical point

NAT II Management Science Economy MCQs With Answers