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

The growth rate of Sri-lanka in 2005-06?

Question # 2

In February 2006, the Avian Influenza was reported by poultry farm in:

Question # 3

Canons of taxation describes:

Question # 4

What was the share of livestock to the GNP during 2005-06?

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 supply of perishable goods is:
A. Fixed
B. Variable
C. Minor change
D. Zero
2 Which group of the following showed a negative growth of -58.6 percent during 2005-06?
A. Chemicals
B. Petroleum
C. Electricals
D. Basic Metals
3 The elasticity of demand of durable goods is:
A. Zero
B. More than unity
C. Less than unity
D. Equal to unity
4 In 2005-06 the share of chemicals was 9.08 percent and the share of electricals was:
A. 4.6 percent
B. 8.2 percent
C. 11.78 percent
D. 16.3 percent
5 Average revenue is equal to:
A. Price
B. Total revenue
C. Marginal revenue
D. Average cost
6 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
7 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
8 What was the production of wheat in million tones during 2005-06?
A. 16.6
B. 21.7
C. 26.2
D. 30.8
9 Macro Economics was introduced by
A. Alfred Marshall
B. J.M. Keynes
C. N.W. Senior
D. J.B. Clark
10 Name the water project to be completed in April 2009:
A. Gomal Zam Dam
B. Rainee Canal
C. Kachhi Canal
D. Mirani Dam

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