Solved MCQS of Economics Set 2

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Solved MCQS of Economics


Due to devaluation exports become:
Cheaper
Expensive
Larger
Smaller

For a study of the long term growth of the economy, we use:
Personal income
Nominal GNP
Disposable personal income
Real GNP

Who described Economies as a science of wealth:
Marshall
Adam Smith
Robbins
Piguo

The share of agriculture in the national economy in 2005-06, was:
21.6percent
13.4percent
12.8percent`
16.2percent

What was the share of livestock to the GNP during 2005-06?
8.0percent
6.5percent
3.5percent
4.7percent

The economy gets maximum prosperity during:
Recovery
Depression
Recession
Boom

When price falls supply:
Contracts
Expands
Remains zero
Becomes fixed

If money supply is fixed by the central bank then in interest rate money supply space, money supply curve will be:
Positively sloped
Vertical
Negatively sloped
Horizontal

Who is the writer of Wealth of Nation?
Marshall
Robbins
Adam Smith
Keynes

How much amount was allocated for Prime Minister’s special intiative for livestock during 2005-06 ?
Rs. 1,696 million
Rs. 672 million
Rs. 812 million
Rs. 2,400 million

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