Question # 1

What was the percentage in the production of cotton yarn during July-March 2005-06?

11.1 percent

15.2 percent

17.6 percent

19.2 percent

Canons of taxation describes:

Marshall

Keynes

Robbins

Adam Smith

In monopoly, which of the following is NOT true?

Products are differentiated

There is freedom of entry and exit into the industry in the long run

The firm is a price maker

There is one main seller

The interest rate parity is the basic identity that relates which of the following?

Interest rates and exchange rates

Interest rates and inflation rate

Exchange rates and inflation rate

Discount rate and inflation rate

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

The per capita income was $742 in 2004-05 but in 2005-06, rose to:

$ 795

$ 847

$ 880

$900

NAT II Management Science Economy MCQs With Answers