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

Personal income includes:

Question # 2

The elasticity of demand of durable goods is

Question # 3

Mairani Dam is being built in Balochistan Gomal Zam Dam in NWFP and Diamer Bhasha Dam in the region of:

Question # 4

Who is the writer of Wealth of Nation?

Question # 5

The aggregate supply curve is the relationship between:

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NAT-II Economy Chapter 0 Important MCQ's

Sr.# Question Answer
1 The other name of law of diminishing return is:
A. Law of supply
B. Law of diminishing marginal utility
C. Law of demand
D. Law of increasing cost
2 Consumer goods are those goods which are used by a man:
A. Directly
B. Off and On
C. Indirectly
D. Never
3 Double counting in national income refers to:
A. Counting a product more than once
B. Counting a product at the final stage of output process
C. Counting both as product and as factor payment
D. Counting both as real goods and as money flow
4
A monopolistically competitive firm in short run equilibrium:
A.
Will make negative profit (lose money).
B. Will make zero profit (break-even)
C. Will make positive profit
D. Any of the given are possible.
5 Inflation will be useful for:
A. Labourers
B. Industrialist
C. Consumers
D. Pensioners
6 If money supply is fixed by the central bank then in interest rate money supply space, money supply curve will be:
A. Horizontal
B. Vertical
C. Negatively sloped
D. Positively sloped
7 The share of agriculture in the national economy in 2005-06, was:
A. 21.6percent
B. 16.2percent
C. 12.8percent`
D. 13.4percent
8 The quality of a good which satisfies a human want is called as:
A. Service
B. Cost
C. Utility
D. None
9 In inflation prices:
A. Increase
B. Do not change
C. Decrease
D. Become zero
10 It is a Federal Tax:
A. Excise duty
B. Local Tax
C. Property Tax
D. None

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