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

Question # 2

How much amount was allocated for Prime Minister's special intiative for livestock during 2005-06 ?

Question # 3

The interest rate parity is the basic identity that relates which of the following?

Question # 4

When national income is increases:

Question # 5

Which of the following is true about supply curve under monopoly?

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NAT-II Economy Chapter 0 Important MCQ's

Sr.# Question Answer
1 The growth rate of Sri-lanka in 2005-06?
A. 4.4 percent
B. 5.9 percent
C. 1.8 percent
D. 7.5 percent
2 For a study of the long term growth of the economy, we use:
A. Real GNP
B. Nominal GNP
C. Personal income
D. Disposable personal income
3 Inflation will be useful for:
A. Labourers
B. Industrialist
C. Consumers
D. Pensioners
4 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
5 The quality of a commodity which satisfies the human wants:
A. Usefulness
B. Loss
C. Utility
D. Return
6 The per capita income was $742 in 2004-05 but in 2005-06, rose to:
A. $ 795
B. $ 847
C. $ 880
D. $900
7 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
8 As compared to existing firms, a new firm entering in monopolist market has:
A. High costs
B. Low costs
C. Equal costs
D. None of the given options
9 During a year aggregate value of produced goods and services of a country is called:
A. Per-capita income
B. Net national income
C. Personal income
D. Gross national product
10 The long run aggregate supply curve will shift to the right if:
A. The price level increases.
B. Factors of production (such as labor and capital) increase
C. Expenditures (such as consumption and net exports) increase.
D. The prices of inputs used to produce goods and services (such as wages and the price of oil)descreases

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