Question # 1

A nation's balance of payments can be affected by changes in:

Foreign income

The differential between domestic and foreign interst rates

The real exchange rate

All of the given options

Double counting in national income refers to:

Counting a product more than once

Counting a product at the final stage of output process

Counting both as product and as factor payment

Counting both as real goods and as money flow

What was the production of wheat in million tones during 2005-06?

16.6

21.7

26.2

30.8

A firm is charging a different price for each unit purchased by a consumer.This is called:

First-degree price discrimination

Second-degree price discrimination

Third-degree price discrimination

None of the given options

The aggregate supply curve is the relationship between:

The price level and the real domestic output purchased

The price level and the real domestic output produced

The price level which producers are willing to accept and the price level purchasers are willing to pay.

The real domestic output purchased and the real domestic output produced.

The Kachhi Canal water project shall be completed in:

September 2008

June 2008

April 2009

December 2008

NAT II Management Science Economy MCQs With Answers