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 long run aggregate supply curve will shift to the right if:

Question # 2

Who described Economies as a science of wealth:

Question # 3

The supply of perishable goods is:

Question # 4

Which of the following event will lead towards cost-push inflation and therefore stagflation?

Question # 5

The real exchange rate is defined as the:

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NAT-II Economy Chapter 0 Important MCQ's

Sr.# Question Answer
1 Due to devaluation exports become:
A. Smaller
B. Larger
C. Cheaper
D. Expensive
2 For knowing the spending capacity of the household sector, we have to use the concept of:
A. National income
B. Personal income
C. Private income
D. Personal disposable income
3 Which Economists presented the law of diminishing marginal utility:
A. Robbins
B. Malthus
C. Adam Smith
D. Marshall
4 Who presented the quantity theory of money:
A. Marshall
B. Robbins
C. Taussig
D. Keynes
5 Reward the labour is:
A. Interest
B. Wages
C. Profit
D. Rent
6 Given the amount of gross fixed investment percentage of GDP during 2005-06.
A. 14.2 percent
B. 18.4 percent
C. 25.0 percent
D. 26.6 percent
7 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
8 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
9 What is the interest rate effect that explains why the aggregate demand curve slopes downward?
A. It refers to the effect of changes in the price level on quantity of investment demanded which in turn affects interest rates
B.
It refers to the effect of interest rates on borrowing which in turn affects consumption spending.
C. It refers to the effect of changes in the price level on interest rates which in turn affects the quantity of investment demanded
D. It refers to the shifts in aggregate demand when interest rates change
10 Which of the following is TRUE for a Giffen good?
A. Its marginal utility is zero
B. Its demand curve is perfectly elastic
C. Its substitution effect is positive
D. Its demand curve is positively sloped

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