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

If we compare Gross Domestic Product (GDP) with Gross National
1. Product (GNP) then:

Question # 2

The quality of a good which satisfies a human want is called as:

Question # 3

International trade has the benefits:

Question # 4

A good for which income and quantity demanded are inversely related is known as:

Question # 5

Inflation on prices:

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NAT-II Economy Chapter 0 Important MCQ's

Sr.# Question Answer
1
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.
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 The Kachhi Canal water project shall be completed in:
A. September 2008
B. June 2008
C. April 2009
D. December 2008
4 How many methods can be used for cultivation:
A. One
B. Two
C. Three
D. Four
5 In inflation prices:
A. Increase
B. Do not change
C. Decrease
D. Become zero
6 Canons of taxation describes:
A. Marshall
B. Keynes
C. Robbins
D. Adam Smith
7 In 2005-06, the percentage of total investment to GDP was:
A. 8 percent
B. 10percent
C. 15percent
D. 20percent
8 The growth rate of Sri-lanka in 2005-06?
A. 4.4 percent
B. 5.9 percent
C. 1.8 percent
D. 7.5 percent
9
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
10 Who described Economies as a science of wealth:
A. Piguo
B. Adam Smith
C. Robbins
D. Marshall

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