Question # 1

The quality of a good which satisfies a human want is called as:

Service

Cost

Utility

None

The elasticity of demand of durable goods is

More than unity

Equal to unity

Less than unity

Zero

Who presented the quantity theory of money:

Marshall

Robbins

Taussig

Keynes

What remains after deduction of direct taxes lions the personal income:

NNI

DPI

NDI

GNP

In the FY 2005-06 the GDP growth rate of Euro area was 1.3 percent, the developing nations 8.6 percent and the world was:

3.5 percent

4.8 percent

4.5 percent

5.5 percent

Personal income includes:

Direct taxes

Indirect taxes

Undivided profit

Both 2nd and 3rd

NAT II Management Science Economy MCQs With Answers