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

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Question # 1

Reward for capital is called:

Question # 2

In 2005-06, the percentage of total investment to GDP was:

Question # 3

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

Question # 4

As compared to existing firms, a new firm entering in monopolist market has:

Question # 5

For knowing the spending capacity of the household sector, we have to use the concept of:

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NAT-II Economy Chapter 0 Important MCQ's

Sr.# Question Answer
1 The methods of measuring elasticity of supply are:
A. Three
B. Two
C. Four
D. Five
2 The economy gets prosperity during:
A. Recession
B. Boom
C. Depression
D. Recovery
3 An increase in supply is shown by:
A. Shifting the supply curve to the left
B. Shifting the supply curve to the right
C. Upward movement along the supply curve
D. Downward movement along the supply curve
4 If money supply is fixed by the central bank then in interest rate money supply space, money supply curve will be:
A. Horizontal
B. Vertical
C. Negatively sloped
D. Positively sloped
5 In the short run, the equilibrium price level and the equilibrium level of total output are determined by the intersection of:
A. The aggregate demand, the short-run aggregate supply and the long-run aggregate supply curves
B. The short-run aggregate supply and the long-run aggregate supply curves
C. The aggregate demand and the short-run aggregate supply curves
D. The aggregate demand and the long-run aggregate supply curves
6 International trade has the benefits:
A. One
B. Three
C. Two
D. Unlimited
7 Who is the writer of Wealth of Nation?
A. Marshall
B. Adam Smith
C. Robbins
D. Keynes
8 Who wrote "The Nature and Significance of Economics":
A. Adam Smith
B. Marshall
C. Robbins
D. Keynes
9 Reward the labour is:
A. Interest
B. Wages
C. Profit
D. Rent
10 In 2005-06 the real GDP growth of USA was 3.5 percent, of China 9.9 percent, Japan 2.7 percent, India 8.0 percent and of Pakistan was:
A. 6.6 percent
B. 1.6 percent
C. 4.6 percent
D. 5.0 percent

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