Question # 1

Which sector contributed to 22 percent to GDP in Pakistan in 2005-06?

Services

Transport

Mining

Agriculture

The economy gets maximum prosperity during:

Recession

Recovery

Boom

Depression

What is the interest rate effect that explains why the aggregate demand curve slopes downward?

It refers to the effect of changes in the price level on quantity of investment demanded which in turn affects interest rates

It refers to the effect of interest rates on borrowing which in turn affects consumption spending.

It refers to the effect of changes in the price level on interest rates which in turn affects the quantity of investment demanded

It refers to the shifts in aggregate demand when interest rates change

It is a Federal Tax:

Excise duty

Local Tax

Property Tax

None

Rent of building is included in:

Fixed cost

Variable cost

Marginal cost

Selling cost

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