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

Inflation on prices:

Question # 2

For a firm buying labor competitively, the marginal input cost is equal to the:

Question # 3

Who described Economies as a science of wealth:

Question # 4

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 # 5

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

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NAT-II Economy Chapter 0 Important MCQ's

Sr.# Question Answer
1 Name the water project to be completed in April 2009:
A. Gomal Zam Dam
B. Rainee Canal
C. Kachhi Canal
D. Mirani Dam
2 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
3 A nation's balance of payments can be affected by changes in:
A. Foreign income
B. The differential between domestic and foreign interst rates
C. The real exchange rate
D. All of the given options
4 Inflation will be useful for:
A. Labourers
B. Industrialist
C. Consumers
D. Pensioners
5 During 2005-06, the construction sector contributed 9.2 percent to GNP and the share of fishing was:
A. 9.2percent
B. 4.4percent
C. 1.9percent
D. -3.6percent
6 Who is responsible for profit and loss in the business:
A. Capitalist
B. Entrepreneur
C. Labour
D. Middleman
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 Which of the following economists came up with a theory regarding the tradeoff between unemployment and inflation?
A. A.W. Phillips
B. John Maynard Keynes
C. Joseph Schumpeter
D. Milton Friedman
9 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
10 According to law of increasing return, marginal product:
A. Increases
B. Decreases
C. Remains constant
D. None of these

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