NAT IIM Management Science Economy Online Test for Pakistani Students

MCQ's Test For NAT II Management Science Economy

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NAT II Management Science Economy

00:00
Question # 1

Reward the labour is:

Question # 2

In the FY 2005-06 the GDP growth rate of Euro area was 1.3 percent, the developing nations 8.6 percent and the world was:

Question # 3

A nation's balance of payments can be affected by changes in:

Question # 4

For a study of the long term growth of the economy, we use:

Question # 5

Which of the following economists came up with a theory regarding the tradeoff between unemployment and inflation?

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NAT-II Economy Chapter 0 Important MCQ's

Sr.# Question Answer
1 In inflation prices:
A. Increase
B. Do not change
C. Decrease
D. Become zero
2 What was the growth recorded by the manufacturing sector during 2005-06?
A. 4.2 percent
B. 5.5percent
C. 7.3percent
D. 8.6percent
3 What was the share of the major crops of value added in agriculture in 2005-06?
A. 24.2percent
B. 35.2percent
C. 39.1percent
D. 45percent
4 The economy gets maximum prosperity during:
A. Recession
B. Recovery
C. Boom
D. Depression
5 Price floor results in:
A. All of the given options
B. Excess supply.
C. Equilibrium
D. Excess demand
6 If pen and ink are complements, then an increase in the price of pen will cause:
A. An increase in the price of ink
B. Less ink to the demanded at each price
C. A decrease in the demand for pen
D. A rightward shift in the demand curve for ink
7 In February 2006, the Avian Influenza was reported by poultry farm in:
A. Hyderabad
B. Karachi
C. Multan
D. Charsadda
8 The economy gets prosperity during:
A. Recession
B. Boom
C. Depression
D. Recovery
9
For a firm buying labor competitively, the marginal input cost is equal to the:
A. Wage
B. Interest rate
C. Price of output
D. Cost of raw materials
10 Welfare economics is the branch of economics which deals with:
A. Positive issues
B. Normative issues
C. Micro issues
D. Macro issues

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