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 price elasticity of demand for any good must be less than or equal to zero unless:

Question # 2

How many methods can be used for cultivation:

Question # 3

Who is the writer of Wealth of Nation?

Question # 4

Which Economists presented the law of diminishing marginal utility:

Question # 5

In inflation prices:

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Sr. # Question Answer
1 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

2 A tax on the accounting profits of corporations is known as:

A. Sales tax

B. Excise tax

C.Corporate income tax

D. Personal income tax

3 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

4 The total cost (TC) function is given as: TC = 200 + 5Q. What is the fixed cost?

A. 5Q

B. 5

C.5 + (200/Q)

D. 200

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

A. National income

B. Personal income

C.Private income

D. Personal disposable income

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