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

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

Question # 2

Who is responsible for profit and loss in the business:

Question # 3

Reward the labour is:

Question # 4

Which of the following will be TRUE if real income rose and the interest rate fell following an increase in government purchases?

Question # 5

What was the share of livestock to the GNP during 2005-06?

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NAT-II Economy Chapter 0 Important MCQ's

Sr.# Question Answer
1 Price floor results in:
A. All of the given options
B. Excess supply.
C. Equilibrium
D. Excess demand
2 A good for which income and quantity demanded are inversely related is known as:
A. Inferior good
B. Complementary good
C. Normal good
D. None of the given options
3 Who described Economies as a science of wealth:
A. Piguo
B. Adam Smith
C. Robbins
D. Marshall
4
As more of a good is consumed, then total utility typically:
A. Increases at a decreasing rate.
B.
Decreases as long as marginal utility is negative
C.
Decreases as long as marginal utility is positive
D.
Is negative as long as marginal utility is decreasing.
5 Rent of building is included in:
A. Fixed cost
B. Variable cost
C. Marginal cost
D. Selling cost
6 In 2005-06 the share of chemicals was 9.08 percent and the share of electricals was:
A. 4.6 percent
B. 8.2 percent
C. 11.78 percent
D. 16.3 percent
7 How many methods can be used for cultivation:
A. One
B. Two
C. Three
D. Four
8 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
9 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
10 It is a Federal Tax:
A. Excise duty
B. Local Tax
C. Property Tax
D. None

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