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

According to law of increasing return, marginal product:

Question # 2

What was the contribution of the services sector to the GNP in FY 2005-06.

Question # 3

The Kachhi Canal water project shall be completed in:

Question # 4

Macro Economics was introduced by

Question # 5

What remains after deduction of direct taxes lions the personal income:

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NAT-II Economy Chapter 0 Important MCQ's

Sr.# Question Answer
1 A nation's balance of payments can be affected by changes in:
A. Foreign income
B. The differential between domestic and foreign interst rates
C. The real exchange rate
D. All of the given options
2 What was the production of cotton in 2005-06?
A. 12.4million bales
B. 16.2 millionbales
C. 18.8 million bales
D. 24.1 million bales
3 What is deducted from GNP to find GDP:
A. Depreciation allowance
B. Net income received from abroad
C. Indirect as
D. Transfer payments
4 According to law of diminishing marginal utility, the marginal utility:
A. Increases
B. Remains constant
C. Diminshes
D. Negative
5
In monopoly, which of the following is NOT true?
A. Products are differentiated
B.
There is freedom of entry and exit into the industry in the long run
C. The firm is a price maker
D. There is one main seller
6 It is a Federal Tax:
A. Excise duty
B. Local Tax
C. Property Tax
D. None
7 What was the production of wheat in million tones during 2005-06?
A. 16.6
B. 21.7
C. 26.2
D. 30.8
8 A good for which income and quantity demanded are inversely related is known as:
A. Inferior good
B. Complementary good
C. Normal good
D. None of the given options
9 Who presented the quantity theory of money:
A. Marshall
B. Robbins
C. Taussig
D. Keynes
10
A monopolistically competitive firm in short run equilibrium:
A.
Will make negative profit (lose money).
B. Will make zero profit (break-even)
C. Will make positive profit
D. Any of the given are possible.

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