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 elasticity of demand of durable goods is

Question # 2

Income elasticity show the relationship between:

Question # 3

The price elasticity of demand for any good must be less than or equal to zero unless:

Question # 4

"Government collects zero revenue if the tax rate is 0% and if the tax rate is 100%." Which of the following best describes this statement?

Question # 5

Welfare economics is the branch of economics which deals with:

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NAT-II Economy Chapter 0 Important MCQ's

Sr.# Question Answer
1 The supply of perishable goods is:
A. Fixed
B. Variable
C. Minor change
D. Zero
2 The economy gets maximum prosperity during:
A. Recession
B. Recovery
C. Boom
D. Depression
3 In 2005-06, bajra was grown on 438 thousand hectares and its production in thousand tons was:
A. 190
B. 221
C. 350
D. 475
4 Which economist presented the Cardinal Theory of Utility:
A. Marshall
B. Canon
C. Kroose
D. J.B. Say
5 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
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 In the FY 2005-06 the GDP growth rate of Euro area was 1.3 percent, the developing nations 8.6 percent and the world was:
A. 3.5 percent
B. 4.8 percent
C. 4.5 percent
D. 5.5 percent
8 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
9 Due to devaluation exports become:
A. Smaller
B. Larger
C. Cheaper
D. Expensive
10 In February 2006, the Avian Influenza was reported by poultry farm in:
A. Hyderabad
B. Karachi
C. Multan
D. Charsadda

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