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

What was the production of cotton in 2005-06?

Question # 2

Which of the following economists came up with a theory regarding the tradeoff between unemployment and inflation?

Question # 3

In 2005-06 the real GDP growth of USA was 3.5 percent, of China 9.9 percent, Japan 2.7 percent, India 8.0 percent and of Pakistan was:

Question # 4

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

Question # 5

Which of the following large-scale items showed a negative growth of -47.97 percent during July-March 2005-06?

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NAT-II Economy Chapter 0 Important MCQ's

Sr.# Question Answer
1 Mairani Dam is being built in Balochistan Gomal Zam Dam in NWFP and Diamer Bhasha Dam in the region of:
A. Punjab
B. Northern Areas
C. NWFP
D. Sindh
2
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.
3 In inflation prices:
A. Increase
B. Do not change
C. Decrease
D. Become zero
4 In inflation prices:
A. Increase
B. Do not change
C. Decrease
D. Become zero
5 It is a Federal Tax:
A. Excise duty
B. Local Tax
C. Property Tax
D. None
6 If we compare Gross Domestic Product (GDP) with Gross National
1. Product (GNP) then:
A. GNP = GDP - Net income from abroad
B. GNP = GDP + Net income from abroad
C. GNP = NNP - Net income from abroad
D. GNP = NNP + Net income from abroad
7 The elasticity of demand of durable goods is
A. More than unity
B. Equal to unity
C. Less than unity
D. Zero
8 Average revenue is equal to:
A. Price
B. Total revenue
C. Marginal revenue
D. Average cost
9 National income does not include:
A. Profit
B. Wages
C. Interest
D. Transfer payments
10 Price floor results in:
A. All of the given options
B. Excess supply.
C. Equilibrium
D. Excess demand

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