Question # 1

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

NNI

DPI

NDI

GNP

If total expenditure decrease with the rise in prices elasticity of demand will be:

Equal to unity

Less than unity

Greater than unity

Equal to zero

Who described Economies as a science of wealth:

Piguo

Adam Smith

Robbins

Marshall

Personal income includes:

Direct taxes

Indirect taxes

Undivided profit

Both 2nd and 3rd

During 2005-06 maize was grown on an area of 982 thousand hectares and its production was:

3.5 million tones

4.2 million tones

5.2 million tones

6.7 million tones

The elasticity of demand of durable goods is:

Zero

More than unity

Less than unity

Equal to unity

NAT II Management Science Economy MCQs With Answers