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 was the contribution of the services sector to the GNP in FY 2005-06.

Question # 2

In 2005-06, the crop area of cotton was 3,096 thousand hectares and the crop area of rice was:

Question # 3

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

Question # 4

National income does not include:

Question # 5

The production of gram in 2005-06, in thousand tons was:

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NAT-II Economy Chapter 0 Important MCQ's

Sr.# Question Answer
1 When price falls supply:
A. Expands
B. Contracts
C. Remains zero
D. Becomes fixed
2 The production of gram in 2005-06, in thousand tons was:
A. 450
B. 500
C. 527
D. 750
3 Due to devaluation exports become:
A. Smaller
B. Larger
C. Cheaper
D. Expensive
4 Reward for capital is called:
A. Rent
B. Interest
C. Wages
D. Profit
5 How much amount was allocated for Prime Minister's special intiative for livestock during 2005-06 ?
A. Rs. 672 million
B. Rs. 812 million
C. Rs. 1,696 million
D. Rs. 2,400 million
6 It is a Federal Tax:
A. Excise duty
B. Local Tax
C. Property Tax
D. None
7 Which ASEAN nation had the highest growth rate of 7.5 percent in 2005-06?
A. Indonesia
B. Malaysia
C. Vietnam
D. Thailand
8 The economy gets prosperity during:
A. Recession
B. Boom
C. Depression
D. Recovery
9 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 product
10 If total expenditure decrease with the rise in prices elasticity of demand will be:
A. Equal to unity
B. Less than unity
C. Greater than unity
D. Equal to zero

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