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

If we compare Gross Domestic Product (GDP) with Gross National
1. Product (GNP) then:

Question # 2

The share of the automobile group in manufacturing group in 2005-06 was:

Question # 3

Give the share of commodity producing the sector in the GNP in 2005-06?

Question # 4

The economy gets maximum prosperity during:

Question # 5

What was the production of wheat in million tones during 2005-06?

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NAT-II Economy Chapter 0 Important MCQ's

Sr.# Question Answer
1 The shape of AR and MR under perfect competition is:
A. Vertical
B. U-shape
C. Horizontal to ox-axis
D. None of these
2 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
3 The supply of land is:
A. Infinity
B. Fixed
C. Variable
D. Zero
4 The methods of measuring elasticity of supply are:
A. Three
B. Two
C. Four
D. Five
5 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
6 Which of the following event will lead towards cost-push inflation and therefore stagflation?
A. An increase in taxes on individuals
B. A decrease in real interest rates
C. A union settlement that increases wage levels
D. An increase in government purchases
7 Give the share of commodity producing the sector in the GNP in 2005-06?
A. 2.5 percent
B. 4.3percent
C. 3.8percent
D. 7.2percent
8 What was the share of livestock to the GNP during 2005-06?
A. 4.7percent
B. 6.5percent
C. 3.5percent
D. 8.0percent
9 National income does not include:
A. Profit
B. Wages
C. Interest
D. Transfer payments
10 The quality of a commodity which satisfies the human wants:
A. Usefulness
B. Loss
C. Utility
D. Return

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