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

What was the number of buffaloes in 2005-06?

Question # 2

According to law of increasing return, marginal product:

Question # 3

Phases of trade cycle are:

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

A market is said to be in equilibrium when:

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NAT-II Economy Chapter 0 Important MCQ's

Sr.# Question Answer
1 Price floor results in:
A. All of the given options
B. Excess supply.
C. Equilibrium
D. Excess demand
2 Average revenue is equal to:
A. Price
B. Total revenue
C. Marginal revenue
D. Average cost
3 The per capita income was $742 in 2004-05 but in 2005-06, rose to:
A. $ 795
B. $ 847
C. $ 880
D. $900
4 Which sector contributed to 22 percent to GDP in Pakistan in 2005-06?
A. Services
B. Transport
C. Mining
D. Agriculture
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 The economy gets prosperity during:
A. Recession
B. Boom
C. Depression
D. Recovery
7 An increase in supply is shown by:
A. Shifting the supply curve to the left
B. Shifting the supply curve to the right
C. Upward movement along the supply curve
D. Downward movement along the supply curve
8 Ushr implies on:
A. Agricultural product
B. Industrial product
C. Agricultural & industrial product
D. None of these
9 Canons of taxation describes:
A. Marshall
B. Keynes
C. Robbins
D. Adam Smith
10 How much amount was allocated for Prime Minister's special intiative for livestock during 2005-06 ?
A. Rs. 672 million
B. Rs. 812 million
C. Rs. 1,696 million
D. Rs. 2,400 million

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