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

Personal income includes:

Question # 2

What is the interest rate effect that explains why the aggregate demand curve slopes downward?

Question # 3

In 2005-06 the growth rate of Saudi Arabia was 6.5 percent, Kuwait 8.5 percent and Bangladesh 5.8 percent. What was the growth rate of Iran?

Question # 4

What was the production of wheat in million tones during 2005-06?

Question # 5

Given the amount of gross fixed investment percentage of GDP during 2005-06.

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NAT-II Economy Chapter 0 Important MCQ's

Sr.# Question Answer
1 Give the production of sugarcane in Pakistan in 2005-06?
A. 22 millions tons
B. 33 million tons
C. 44 million tons
D. 55 million tons
2 The supply of land is:
A. Infinity
B. Fixed
C. Variable
D. Zero
3 In inflation prices:
A. Increase
B. Do not change
C. Decrease
D. Become zero
4 In 2005-06 total production of fish inland and marine in Pakistan was:
A. 5,81,000 tons
B. 6,72,000 tons
C. 7,44,000 tons
D. 8,33,000 tons
5 The price elasticity of demand for any good must be less than or equal to zero unless:
A. The good is a necessity.
B. The good is a luxury.
C. The good is a Ciffen good.
D. None of the given options.
6 Rent of building is included in:
A. Fixed cost
B. Variable cost
C. Marginal cost
D. Selling cost
7 The economy gets prosperity during:
A. Recession
B. Boom
C. Depression
D. Recovery
8 Ushr implies on:
A. Agricultural product
B. Industrial product
C. Agricultural & industrial product
D. None of these
9 A firm is charging a different price for each unit purchased by a consumer.This is called:
A. First-degree price discrimination
B. Second-degree price discrimination
C. Third-degree price discrimination
D. None of the given options
10
In monopoly, which of the following is NOT true?
A. Products are differentiated
B.
There is freedom of entry and exit into the industry in the long run
C. The firm is a price maker
D. There is one main seller

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