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 Diamer Bhasha Dam will be completed in :

Question # 2

Which ASEAN nation had the highest growth rate of 7.5 percent in 2005-06?

Question # 3

Who described Economies as a science of wealth:

Question # 4

The real exchange rate is defined as the:

Question # 5

What was the production of rice in million tons in 2005-06?

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NAT-II Economy Chapter 0 Important MCQ's

Sr.# Question Answer
1 Double counting in national income refers to:
A. Counting a product more than once
B. Counting a product at the final stage of output process
C. Counting both as product and as factor payment
D. Counting both as real goods and as money flow
2 What was the share of the major crops of value added in agriculture in 2005-06?
A. 24.2percent
B. 35.2percent
C. 39.1percent
D. 45percent
3 National income does not include:
A. Profit
B. Wages
C. Interest
D. Transfer payments
4 Give the share of commodity producing the sector in the GNP in 2005-06?
A. 2.5 percent
B. 4.3percent
C. 3.8percent
D. 7.2percent
5 What remains after deduction of direct taxes lions the personal income:
A. NNI
B. DPI
C. NDI
D. GNP
6 The supply of land is:
A. Infinity
B. Fixed
C. Variable
D. Zero
7 Which of the following is true about supply curve under monopoly?
A. It is same as the competitive market supply curve
B. It is the portion of marginal cost curve where marginal costs exceed the minimum value of average variable costs
C. It is the result of market power and production costs
D. None of the given statements is true
8 Inflation on prices:
A. Decrease
B. Remains constant
C. Increase
D. Become zero
9 In 2005-06 the share of chemicals was 9.08 percent and the share of electricals was:
A. 4.6 percent
B. 8.2 percent
C. 11.78 percent
D. 16.3 percent
10 Reward the labour is:
A. Interest
B. Wages
C. Profit
D. Rent

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