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

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

Question # 2

Give the share of commodity producing the sector in the GNP in 2005-06?

Question # 3

Inflation on prices:

Question # 4

In 2005-06, the crop area of sugarcane in thousand hectares was:

Question # 5

What was the production of rice in million tons in 2005-06?

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NAT-II Economy Chapter 0 Important MCQ's

Sr.# Question Answer
1
The aggregate supply curve is the relationship between:
A.
The price level and the real domestic output purchased
B.
The price level and the real domestic output produced
C.
The price level which producers are willing to accept and the price level purchasers are willing to pay.
D.
The real domestic output purchased and the real domestic output produced.
2 As compared to existing firms, a new firm entering in monopolist market has:
A. High costs
B. Low costs
C. Equal costs
D. None of the given options
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 production of gram in 2005-06, in thousand tons was:
A. 450
B. 500
C. 527
D. 750
5 What remains after deduction of direct taxes lions the personal income:
A. NNI
B. DPI
C. NDI
D. GNP
6 Who described Economies as a science of wealth:
A. Piguo
B. Adam Smith
C. Robbins
D. Marshall
7 The supply of land is:
A. Infinity
B. Fixed
C. Variable
D. Zero
8 The quality of a commodity which satisfies the human wants:
A. Usefulness
B. Loss
C. Utility
D. Return
9 In inflation prices:
A. Increase
B. Do not change
C. Decrease
D. Become zero
10 Price floor results in:
A. All of the given options
B. Excess supply.
C. Equilibrium
D. Excess demand

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