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

Which group of the following showed a negative growth of -58.6 percent during 2005-06?

Question # 2

During a year aggregate value of produced goods and services of a country is called:

Question # 3

If pen and ink are complements, then an increase in the price of pen will cause:

Question # 4

Income elasticity show the relationship between:

Question # 5

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

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NAT-II Economy Chapter 0 Important MCQ's

Sr.# Question Answer
1 Who criticized Prof. Robbin's definition?
A. Marshall, J.B
B. Beveridge
C. Clark
D. Pigeou
2 According to law of diminishing marginal utility, the marginal utility:
A. Increases
B. Remains constant
C. Diminshes
D. Negative
3 A firm is charging a different price for each unit purchased by a consumer.This is called:
A. First-degree price discrimination
B. Second-degree price discrimination
C. Third-degree price discrimination
D. None of the given options
4 The real exchange rate is defined as the:
A. Market exchange rate adjusted for prices
B. Market exchange rate adjusted for interest rates
C. Market exchange rate
D. Exchange rate determined by the government
5 Phases of trade cycle are:
A. One
B. Three
C. Two
D. Four
6 In inflation prices:
A. Increase
B. Do not change
C. Decrease
D. Become zero
7 Who described Economies as a science of wealth:
A. Piguo
B. Adam Smith
C. Robbins
D. Marshall
8 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
9
The market structure in which strategic considerations are most important is:
A. Monopolistic competition.
B. Oligopoly.
C. Pure competition.
D. Pure monopoly.
10 The economy gets prosperity during:
A. Recession
B. Boom
C. Depression
D. Recovery

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