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

The price elasticity of demand measures the responsiveness of quantity demanded to:

Question # 2

What was the share of the major crops of value added in agriculture in 2005-06?

Question # 3

The share of the automobile group in manufacturing group in 2005-06 was:

Question # 4

The Diamer Bhasha Dam will be completed in :

Question # 5

Who is the writer of Wealth of Nation?

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NAT-II Economy Chapter 0 Important MCQ's

Sr.# Question Answer
1 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?
A. 4.2 percent
B. 3.1 percent
C. 6.7 percent
D. 5.9 percent
2 Macro Economics was introduced by
A. Alfred Marshall
B. J.M. Keynes
C. N.W. Senior
D. J.B. Clark
3 In 2005-06 which country had the highest growth rate among the following?
A. Egypt
B. Singapore
C. Kuwait
D. Nigeria
4 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
5 If we compare Gross Domestic Product (GDP) with Gross National
1. Product (GNP) then:
A. GNP = GDP - Net income from abroad
B. GNP = GDP + Net income from abroad
C. GNP = NNP - Net income from abroad
D. GNP = NNP + Net income from abroad
6 National income does not include:
A. Profit
B. Wages
C. Interest
D. Transfer payments
7 Inflation on prices:
A. Decrease
B. Remains constant
C. Increase
D. Become zero
8
Under the kinked demand curve model, an increase in marginal cost will lead to:
A.
An increase in output level and a decrease in price.
B.
A decrease in output level and an increase in price.
C.
A decrease in output level and no change in price.
D.
Neither a change in output level our a change in price.
9 According to law of diminishing marginal utility, the marginal utility:
A. Increases
B. Remains constant
C. Diminshes
D. Negative
10 Given the amount of gross fixed investment percentage of GDP during 2005-06.
A. 14.2 percent
B. 18.4 percent
C. 25.0 percent
D. 26.6 percent

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