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

In inflation prices:

Question # 2

The GDP growth rate of agriculture sector in 2005-06 was:

Question # 3

As compared to existing firms, a new firm entering in monopolist market has:

Question # 4

The market structure in which strategic considerations are most important is:

Question # 5

What was the growth recorded by the manufacturing sector during 2005-06?

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NAT-II Economy Chapter 0 Important MCQ's

Sr.# Question Answer
1 What was the difficulty in the barter System:
A. Excess of goods
B. Difference language
C. Lack of co-incidence
D. Difference in profession
2 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
3 The quality of a good which satisfies a human want is called as:
A. Service
B. Cost
C. Utility
D. None
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?
A. Consumption curve
B. Supply curve
C. Laffer curve
D. Investment curve
5 When price falls supply:
A. Expands
B. Contracts
C. Remains zero
D. Becomes fixed
6 To find the profit maximizing level of output, a firm finds the output level where:
A. Price equals marginal cost
B. Marginal revenue and average total cost
C. Price equals marginal revenue
D. None of the given options
7 What remains after deduction of direct taxes lions the personal income:
A. NNI
B. DPI
C. NDI
D. GNP
8 Average revenue is equal to:
A. Price
B. Total revenue
C. Marginal revenue
D. Average cost
9 The total cost (TC) function is given as: TC = 200 + 5Q. What is the fixed cost?
A. 5Q
B. 5
C. 5 + (200/Q)
D. 200
10 The supply of land is:
A. Infinity
B. Fixed
C. Variable
D. Zero

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