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

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

Question # 2

National income does not include:

Question # 3

Give the production of sugarcane in Pakistan in 2005-06?

Question # 4

The economy gets maximum prosperity during:

Question # 5

International trade has the benefits:

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NAT-II Economy Chapter 0 Important MCQ's

Sr.# Question Answer
1 Which of the following large-scale items showed a negative growth of -47.97 percent during July-March 2005-06?
A. Sugar
B. Vegetable Ghee
C. Billets
D. Cement
2 The supply of land is:
A. Infinity
B. Fixed
C. Variable
D. Zero
3 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
4 The economy gets maximum prosperity during:
A. Recession
B. Recovery
C. Boom
D. Depression
5 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
6 Who presented the quantity theory of money:
A. Marshall
B. Robbins
C. Taussig
D. Keynes
7 The interest rate parity is the basic identity that relates which of the following?
A. Interest rates and exchange rates
B. Interest rates and inflation rate
C. Exchange rates and inflation rate
D. Discount rate and inflation rate
8 Name the water project to be completed in April 2009:
A. Gomal Zam Dam
B. Rainee Canal
C. Kachhi Canal
D. Mirani Dam
9 If total expenditure decrease with the rise in prices elasticity of demand will be:
A. Equal to unity
B. Less than unity
C. Greater than unity
D. Equal to zero
10 In 2005-06 the share of chemicals was 9.08 percent and the share of electricals was:
A. 4.6 percent
B. 8.2 percent
C. 11.78 percent
D. 16.3 percent

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