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

00:00
Question # 1

During 2005-06, the construction sector contributed 9.2 percent to GNP and the share of fishing was:

Question # 2

The Kachhi Canal water project shall be completed in:

Question # 3

A firm is charging a different price for each unit purchased by a consumer.This is called:

Question # 4

Which sector contributed to 22 percent to GDP in Pakistan in 2005-06?

Question # 5

If total expenditure decrease with the rise in prices elasticity of demand will be:

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NAT-II Economy Chapter 0 Important MCQ's

Sr.# Question Answer
1 International trade has the benefits:
A. One
B. Three
C. Two
D. Unlimited
2 The economy gets maximum prosperity during:
A. Recession
B. Recovery
C. Boom
D. Depression
3 Who is the writer of Wealth of Nation?
A. Marshall
B. Adam Smith
C. Robbins
D. Keynes
4 The quality of a good which satisfies a human want is called as:
A. Service
B. Cost
C. Utility
D. None
5 What was the production of rice in million tons in 2005-06?
A. 4.4
B. 5.5
C. 6.6
D. 7.7
6 Personal income includes:
A. Direct taxes
B. Indirect taxes
C. Undivided profit
D. Both 2nd and 3rd
7 During 2005-06 maize was grown on an area of 982 thousand hectares and its production was:
A. 3.5 million tones
B. 4.2 million tones
C. 5.2 million tones
D. 6.7 million tones
8 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
9
The aggregate supply curve is the relationship between:
A.
The price level and the real domestic output purchased
B.
The price level and the real domestic output produced
C.
The price level which producers are willing to accept and the price level purchasers are willing to pay.
D.
The real domestic output purchased and the real domestic output produced.
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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