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

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Question # 1

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

Question # 2

In 2005-06 the share of chemicals was 9.08 percent and the share of electricals was:

Question # 3

A tax on the accounting profits of corporations is known as:

Question # 4

If total expenditure decrease with the rise in prices elasticity of demand will be:

Question # 5

A firm is charging a different price for each unit purchased by a consumer.This is called:

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NAT-II Economy Chapter 0 Important MCQ's

Sr.# Question Answer
1 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
2 In inflation prices:
A. Increase
B. Do not change
C. Decrease
D. Become zero
3 To find the profit maximizing level of output, a firm finds the output level where:
A. Price equals marginal cost
B. Marginal revenue and average total cost
C. Price equals marginal revenue
D. None of the given options
4 The methods of measuring elasticity of supply are:
A. Three
B. Two
C. Four
D. Five
5 Marginal cost curve always intersects average cost curve at:
A. The maximum point
B. The central point
C. The minimum point
D. The vertical point
6 In 2005-06, the crop area of sugarcane in thousand hectares was:
A. 540
B. 642
C. 756
D. 907
7 Inflation will be useful for:
A. Labourers
B. Industrialist
C. Consumers
D. Pensioners
8 During 2005-06, the construction sector contributed 9.2 percent to GNP and the share of fishing was:
A. 9.2percent
B. 4.4percent
C. 1.9percent
D. -3.6percent
9 The total cost (TC) function is given as: TC = 200 + 5Q. What is the fixed cost?
A. 5Q
B. 5
C. 5 + (200/Q)
D. 200
10 The quality of a good which satisfies a human want is called as:
A. Service
B. Cost
C. Utility
D. None

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