Question # 1

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

$ 795

$ 847

$ 880

$900

In 2005-06 the growth rate of Saudi Arabia was 6.5 percent, Kuwait 8.5 percent and Bangladesh 5.8 percent. What was the growth rate of Iran?

4.2 percent

3.1 percent

6.7 percent

5.9 percent

Who described Economies as a science of wealth:

Piguo

Adam Smith

Robbins

Marshall

Under the kinked demand curve model, an increase in marginal cost will lead to:

An increase in output level and a decrease in price.

A decrease in output level and an increase in price.

A decrease in output level and no change in price.

Neither a change in output level our a change in price.

If money supply is fixed by the central bank then in interest rate money supply space, money supply curve will be:

Horizontal

Vertical

Negatively sloped

Positively sloped

Income elasticity show the relationship between:

Income and demand

Income and consumption

Income and price

Income and saving

NAT II Management Science Economy MCQs With Answers