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

00:00
Question # 1

Who criticized Prof.Robbin's definition?

Question # 2

National income period is

Question # 3

The quality of a commodity which satisfy the human wants

Question # 4

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

Question # 5

International trade has the benefits

Question # 6

The methods of measuring elasticity of supply are

Question # 7

Due to devaluation exports become

Question # 8

Slope of demand curve is

Question # 9

It is a Federal Tax

Question # 10

When national income od increases

Question # 11

Which Economists presented the law of diminishing marginal utility

Question # 12

Canons of taxation describes

Question # 13

According to law of diminishing marginal utility the marginal utility

Question # 14

Factors of productions are

Question # 15

What remains after deduction of direct taxes from the personal income

Question # 16

Rent of building is included in

Question # 17

Phases of trade cycle are

Question # 18

Marginal cost curve always intersects average cost curve at

Question # 19

Which economist presented the Cardinal Theory of Utility:

Question # 20

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

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

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Sr. # Question Answer
1 If total expenditure decreases with the rise in price elasticity if demand will be

A. Equal to unity

B. Less than unity

C.Greater than unity

D. Equal to zero

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

A. Per-capita income

B. Net National income 

C.Personal income

D. Gross national income

3 Average revenue is equal to

A. Price

B. Marginal revenue

C.Total revenue

D. Average cost

4 Due to devaluation exports become

A. Smaller

B. Larger

C.Cheaper

D. Expensive

5 Rent of building is included in

A. Fixed cost

B. Variable cost

C.Marginal

6 Who criticized Prof.Robbin's definition?

A. Marshall.J.B

B. Beveridge

C.Clark

D. Pigeou

7 Macro Economics was introduced by

A. Alfred Marshall

B. J.M.keynes

C.N,W Senior

D. J.B Clark

8 In monopoly the number of firms is

A. One

B. Three

C.Two

D. Four

9 Inflation will be useful for

A. Labourers

B. Industrialist

C.Consumers

D. Pensioner

10 National income dose not include

A. Profit

B. Wages

C.Interest

D. Transfer payments

11 Slope of demand curve is

A. Negative

B. Zero

C.Positive

D. Fixed

12 What remains after deduction of direct taxes from the personal income

A. NNI

B. DPI

C.NDI

D. GNP

13 Which Economists presented the law of diminishing marginal utility

A. Robbins

B. Malthus

C.Adam Smith

D. Marshall

14 The economy gets maximum prosperity during

A. Recession

B. Recovery

C.Boom

D. Depression

15 The quality of a commodity which satisfy the human wants

A. Usefulness

B. Loss

C.Utility

D. Return

16 Who is the writer of Wealth of Nation?

A. Marshall

B. Adam Smith

C.Robbins

D. Keynes

17 It is a Federal Tax

A. Excise duty

B. Local tax

C.Property tax

D. None

18 Reward for capital is called

A. Rent

B. Interest

C.Wages

D. Profit

19 The supply of perishable goods is

A. Fixed

B. Variable

C.Minor change

D. Zero

20 Marginal cost curve always intersects average cost curve at

A. The maximum point

B. The central point

C.The minimum point

D. The vertical point

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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