NAT ICOM Commerce Test Preparation for Pakistani Students

National testing service (NTS) in Pakistan is the commanding body that is performing its duties under the rules of government. The commanding body is responsible for conducting various for job as well as for admission in NTS associated universities. NAT test is mainly held for the admission in universities at bachelor’s level. The eligibility criteria for the aspirants to appear in the test are twelve years of education while the eligibility criteria for the other tests are different.

NAT test is further consists of six different categories and NAT commerce is one of them. The aspirants appeared in the respective field of study in which they wish to appear. NAT commerce test is for the aspirants who want to continue their studies in commerce field and it is necessary for the students to pass this test as it is the requirement of most of the universities in Pakistan.

NAT I Commerce

Try The NAT I Commerce

  • Total Questions20

  • Time Allowed25

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NAT I Commerce

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Question # 1

The unity method of elasticity of demand was presented by

Question # 2

Consumer goods are those goods which are used by a man

Question # 3

If total expenditure decreases with the rise in price elasticity if demand will be

Question # 4

The methods of measuring elasticity of supply are

Question # 5

Who is responsible for profit and loss in the business

Question # 6

The economy gets maximum prosperity during

Question # 7

The supply of land is

Question # 8

What remains after deduction of direct taxes from the personal income

Question # 9

Inflation on prices

Question # 10

During a year aggregate value of produced goods and services of a country is called

Question # 11

Which economist presented the Cardinal Theory of Utility:

Question # 12

What was the difficulty in the barter system

Question # 13

The elasticity of demand of durable goods is

Question # 14

National income dose not include

Question # 15

The quality of a commodity which satisfy the human wants

Question # 16

Phases of trade cycle are

Question # 17

National income period is

Question # 18

Slope of demand curve is

Question # 19

Macro Economics was introduced by

Question # 20

The quality of a good which satisfies a human want is called as

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Here is List Of Chapter Wise Tests

Ch. # Test Name MCQs Available PDF File Launch Test
1 0 Download PDF Launch Test
2 0 Download PDF Launch Test
3 52 Download PDF Launch Test

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Sr.# Question Answer
1 The economy gets prosperity during
A. Recession
B. Boom
C. Depression
D. Recovery
2 Personal income includes
A. Direct taxes
B. Indirect taxes
C. Undivided profit
3 Factors of productions are
A. One
B. Three
C. Two
D. Four
4 What remains after deduction of direct taxes from the personal income
A. NNI
B. DPI
C. NDI
D. GNP
5 Reward for capital is called
A. Rent
B. Interest
C. Wages
D. Profit
6 Average revenue is equal to
A. Price
B. Marginal revenue
C. Total revenue
D. Average cost
7 The supply of land is
A. Infinity
B. Fixed
C. Variable
D. Zero
8 When national income od increases
A. Standard of living increases
B. Standard of living decreases
C. Remains same
D. Bad thing
9 International trade has the benefits
A. One
B. Unlimited
C. Two
D. Three
10 Rent of building is included in
A. Fixed cost
B. Variable cost
C. Marginal
11 Who presented the quantity theory of money
A. Marshall
B. Robbins
C. Taussig
D. Keynes
12 Who is the writer of Wealth of Nation?
A. Marshall
B. Adam Smith
C. Robbins
D. Keynes
13 The other name of law of decreasing return is
A. Law of decreasing cost
B. Law of Increasing cost
C. Law of constant cost
D. Law of increasing return
14 The quality of a good which satisfies a human want is called as
A. Service
B. Cost
C. Utility
D. None
15 The economy gets maximum prosperity during
A. Recession
B. Recovery
C. Boom
D. Depression
16 National income period is
A. One year
B. Three year
C. Two year
D. Four year
17 According to law of diminishing marginal utility the marginal utility
A. Increase
B. Remains constant
C. Diminishes
D. Negative
18 Slope of demand curve is
A. Negative
B. Zero
C. Positive
D. Fixed
19 Who wrote The Nature and Significance of Economics
A. Adam Smith
B. Marshall
C. Robbins
D. Keynes
20 International trade has the benefits?
A. One
B. Three
C. Two
D. Unlimited

The result of NAT-ICOM is valid for one year and within that one year students are eligible to get admission in the university in which they want. The NAT-ICOM test consists of four different parts that includes English, Analytical, Quantitative and Subject. Each part contains 20 questions except the subject part that contains 30 MCQs. The aspirants have to attempt total 90 MCQs in 120 minutes.

Ilmkidunya is now providing the exceptional opportunity to the aspirants for their best preparations. Ilmkidunya has now introduced the online testing system through students can prepare for their test easily. Undoubtedly, it is an easiest way preparation online. The aspirants are just required to choose the test which they want to take and then click on the start test button. After completing the test simply click on the submit test and the result of test will come in front of the aspirant.

Through the online testing system students can come over their weak points and can prepare themselves for the test in a best way. Students can take the online test as many time as they want.

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