Question # 1

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

NNI

DPI

NDI

GNP

The price elasticity of demand measures the responsiveness of quantity demanded to:

Quantity demanded

Quantity supplied

Price

Output

In 2005-06, the crop area of sugarcane in thousand hectares was:

540

642

756

907

Inflation on prices:

Decrease

Remains constant

Increase

Become zero

Which group of the following showed a negative growth of -58.6 percent during 2005-06?

Chemicals

Petroleum

Electricals

Basic Metals

The elasticity of demand of durable goods is

More than unity

Equal to unity

Less than unity

Zero

NAT II Management Science Economy MCQs With Answers