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

What is deducted from GNP to find GDP:

Question # 2

Mairani Dam is being built in Balochistan Gomal Zam Dam in NWFP and Diamer Bhasha Dam in the region of:

Question # 3

The supply of land is:

Question # 4

An increase in supply is shown by:

Question # 5

For a firm buying labor competitively, the marginal input cost is equal to the:

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NAT-II Economy Chapter 0 Important MCQ's

Sr.# Question Answer
1 Average revenue is equal to:
A. Price
B. Total revenue
C. Marginal revenue
D. Average cost
2 The economy gets prosperity during:
A. Recession
B. Boom
C. Depression
D. Recovery
3 Give the share of commodity producing the sector in the GNP in 2005-06?
A. 2.5 percent
B. 4.3percent
C. 3.8percent
D. 7.2percent
4 The supply of land is:
A. Infinity
B. Fixed
C. Variable
D. Zero
5
A monopolistically competitive firm in short run equilibrium:
A.
Will make negative profit (lose money).
B. Will make zero profit (break-even)
C. Will make positive profit
D. Any of the given are possible.
6 The production of gram in 2005-06, in thousand tons was:
A. 450
B. 500
C. 527
D. 750
7 The share of agriculture in the national economy in 2005-06, was:
A. 21.6percent
B. 16.2percent
C. 12.8percent`
D. 13.4percent
8 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
9 In 2005-06, the crop area of cotton was 3,096 thousand hectares and the crop area of rice was:
A. 2,620
B. 982
C. 8,303
D. 4,702
10 Which group of the following showed a negative growth of -58.6 percent during 2005-06?
A. Chemicals
B. Petroleum
C. Electricals
D. Basic Metals

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