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

Who is the writer of Wealth of Nation?

Question # 2

In monopoly, which of the following is NOT true?

Question # 3

What was the percentage in the production of cotton yarn during July-March 2005-06?

Question # 4

Welfare economics is the branch of economics which deals with:

Question # 5

In the FY 2005-06 the GDP growth rate of Euro area was 1.3 percent, the developing nations 8.6 percent and the world was:

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NAT-II Economy Chapter 0 Important MCQ's

Sr.# Question Answer
1 The GDP growth rate of agriculture sector in 2005-06 was:
A. 2.5 percent
B. 4.3 percent
C. 1.6 percent
D. 9.3 percent
2 The long run aggregate supply curve will shift to the right if:
A. The price level increases.
B. Factors of production (such as labor and capital) increase
C. Expenditures (such as consumption and net exports) increase.
D. The prices of inputs used to produce goods and services (such as wages and the price of oil)descreases
3 Phases of trade cycle are:
A. One
B. Three
C. Two
D. Four
4 Welfare economics is the branch of economics which deals with:
A. Positive issues
B. Normative issues
C. Micro issues
D. Macro issues
5 A nation's balance of payments can be affected by changes in:
A. Foreign income
B. The differential between domestic and foreign interst rates
C. The real exchange rate
D. All of the given options
6 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
7 Inflation on prices:
A. Decrease
B. Remains constant
C. Increase
D. Become zero
8 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
9 Canons of taxation describes:
A. Marshall
B. Keynes
C. Robbins
D. Adam Smith
10 Price floor results in:
A. All of the given options
B. Excess supply.
C. Equilibrium
D. Excess demand

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