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

Which sector contributed to 22 percent to GDP in Pakistan in 2005-06?

Question # 2

The real exchange rate is defined as the:

Question # 3

The economy gets prosperity during:

Question # 4

Who criticized Prof. Robbin's definition?

Question # 5

In inflation prices:

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NAT-II Economy Chapter 0 Important MCQ's

Sr.# Question Answer
1 What was the production of rice in million tons in 2005-06?
A. 4.4
B. 5.5
C. 6.6
D. 7.7
2 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
3
A monopolistically competitive firm in the long run equilibrium:
A. Will make negative profit.
B. Will make zero profit.
C. Will make positive profit
D. Any of the given are possible.
4 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
5 International trade has the benefits:
A. One
B. Three
C. Two
D. Unlimited
6 What was the share of livestock to the GNP during 2005-06?
A. 4.7percent
B. 6.5percent
C. 3.5percent
D. 8.0percent
7 In 2005-06 the real GDP growth of USA was 3.5 percent, of China 9.9 percent, Japan 2.7 percent, India 8.0 percent and of Pakistan was:
A. 6.6 percent
B. 1.6 percent
C. 4.6 percent
D. 5.0 percent
8 What remains after deduction of direct taxes lions the personal income:
A. NNI
B. DPI
C. NDI
D. GNP
9 Reward the labour is:
A. Interest
B. Wages
C. Profit
D. Rent
10 Due to devaluation exports become:
A. Smaller
B. Larger
C. Cheaper
D. Expensive

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