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

International trade has the benefits:

Question # 2

Inflation will be useful for:

Question # 3

Who is responsible for profit and loss in the business:

Question # 4

An increase in supply is shown by:

Question # 5

A market is said to be in equilibrium when:

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NAT-II Economy Chapter 0 Important MCQ's

Sr.# Question Answer
1 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
2 How many methods can be used for cultivation:
A. One
B. Two
C. Three
D. Four
3 Reward the labour is:
A. Interest
B. Wages
C. Profit
D. Rent
4 The elasticity of demand of durable goods is:
A. Zero
B. More than unity
C. Less than unity
D. Equal to unity
5
For a firm buying labor competitively, the marginal input cost is equal to the:
A. Wage
B. Interest rate
C. Price of output
D. Cost of raw materials
6 In 2005-06, the percentage of total investment to GDP was:
A. 8 percent
B. 10percent
C. 15percent
D. 20percent
7 The methods of measuring elasticity of supply are:
A. Three
B. Two
C. Four
D. Five
8 What is deducted from GNP to find GDP:
A. Depreciation allowance
B. Net income received from abroad
C. Indirect as
D. Transfer payments
9 "Government collects zero revenue if the tax rate is 0% and if the tax rate is 100%." Which of the following best describes this statement?
A. Consumption curve
B. Supply curve
C. Laffer curve
D. Investment curve
10 In 2005-06, the crop area of cotton was 3,096 thousand hectares and the crop area of rice was:
A. 2,620
B. 982
C. 8,303
D. 4,702

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