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

Marginal cost curve always intersects average cost curve at:

Question # 2

The other name of law of diminishing return is:

Question # 3

Which of the following event will lead towards cost-push inflation and therefore stagflation?

Question # 4

How many methods can be used for cultivation:

Question # 5

What was the share of the major crops of value added in agriculture in 2005-06?

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NAT-II Economy Chapter 0 Important MCQ's

Sr.# Question Answer
1 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
2 Which of the following large-scale items showed a negative growth of -47.97 percent during July-March 2005-06?
A. Sugar
B. Vegetable Ghee
C. Billets
D. Cement
3 The economy gets maximum prosperity during:
A. Recession
B. Recovery
C. Boom
D. Depression
4 National income does not include:
A. Profit
B. Wages
C. Interest
D. Transfer payments
5 Real GDP is equal to:
A. Nominal GDP - Inflation
B. Nominal GDP + Inflation
C. Nominal GDP / Inflation
D. Inflation / Nominal GDP
6 Due to devaluation exports become:
A. Smaller
B. Larger
C. Cheaper
D. Expensive
7 In 2005-06, bajra was grown on 438 thousand hectares and its production in thousand tons was:
A. 190
B. 221
C. 350
D. 475
8 It is a Federal Tax:
A. Excise duty
B. Local Tax
C. Property Tax
D. None
9
Under the kinked demand curve model, an increase in marginal cost will lead to:
A.
An increase in output level and a decrease in price.
B.
A decrease in output level and an increase in price.
C.
A decrease in output level and no change in price.
D.
Neither a change in output level our a change in price.
10 The elasticity of demand of durable goods is:
A. Zero
B. More than unity
C. Less than unity
D. Equal to unity

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