NAT II Management Science Economy MCQs With Answers

Question # 1

What was the number of buffaloes in 2005-06?

Choose an answer

12 million

28.4 million

34 million

40 million

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Question # 2

Income elasticity show the relationship between:

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Income and demand

Income and consumption

Income and price

Income and saving

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Question # 3

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

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NNI

DPI

NDI

GNP

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Question # 4

To find the profit maximizing level of output, a firm finds the output level where:

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Price equals marginal cost

Marginal revenue and average total cost

Price equals marginal revenue

None of the given options

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Question # 5

Which of the following will be TRUE if real income rose and the interest rate fell following an increase in government purchases?

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IS curve must be vertical

LM curve must be vertical

Central Bank must have increased the money supply at the same time

Central Bank must have decreased the money supply at the same time

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Question # 6

Consumer goods are those goods which are used by a man:

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Directly

Off and On

Indirectly

Never

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