Question # 1

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

An increase in taxes on individuals

A decrease in real interest rates

A union settlement that increases wage levels

An increase in government purchases

What was the contribution of the services sector to the GNP in FY 2005-06.

9.2 percent

3.5 percent

8.8 percent

4.7 percent

What was the difficulty in the barter System:

Excess of goods

Difference language

Lack of co-incidence

Difference in profession

What was the production of rice in million tons in 2005-06?

4.4

5.5

6.6

7.7

Macro Economics was introduced by

Alfred Marshall

J.M. Keynes

N.W. Senior

J.B. Clark

Reward the labour is:

Interest

Wages

Profit

Rent

NAT II Management Science Economy MCQs With Answers