Question # 1

What was the contribution of the services sector to the GNP in FY 2005-06.

9.2 percent

3.5 percent

8.8 percent

4.7 percent

The elasticity of demand of durable goods is:

Zero

More than unity

Less than unity

Equal to unity

When national income is increases:

Standard of living increases

Standard of living decreases

Remains same

Bad thing

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

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.

Which economist presented the Cardinal Theory of Utility:

Marshall

Canon

Kroose

J.B. Say

NAT II Management Science Economy MCQs With Answers