Question # 1

Which of the following will be TRUE if real income rose and the interest rate fell following an increase in government purchases?

IS curve must be vertical

LM curve must be vertical

Central Bank must have increased the money supply at the same time

Central Bank must have decreased the money supply at the same time

When price falls supply:

Expands

Contracts

Remains zero

Becomes fixed

The Diamer Bhasha Dam will be completed in :

2009

2010

2012

2015

Reward the labour is:

Interest

Wages

Profit

Rent

When national income is increases:

Standard of living increases

Standard of living decreases

Remains same

Bad thing

How many methods can be used for cultivation:

One

Two

Three

Four

NAT II Management Science Economy MCQs With Answers