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

Which sector contributed to 22 percent to GDP in Pakistan in 2005-06?

Question # 2

International trade has the benefits:

Question # 3

Canons of taxation describes:

Question # 4

The share of agriculture in the national economy in 2005-06, was:

Question # 5

The per capita income was $742 in 2004-05 but in 2005-06, rose to:

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NAT-II Economy Chapter 0 Important MCQ's

Sr.# Question Answer
1
A monopolistically competitive firm in the long run equilibrium:
A. Will make negative profit.
B. Will make zero profit.
C. Will make positive profit
D. Any of the given are possible.
2 A market is said to be in equilibrium when:
A. Demand equals output
B. There is downward pressure on price
C. The amount consumers wish to buy at the current price equals the amount producers wish to sell at that price
D. All buyers are able to find sellers willing to sell to them at the current price
3 What was the growth recorded by the manufacturing sector during 2005-06?
A. 4.2 percent
B. 5.5percent
C. 7.3percent
D. 8.6percent
4 How many methods can be used for cultivation:
A. One
B. Two
C. Three
D. Four
5 Income elasticity show the relationship between:
A. Income and demand
B. Income and consumption
C. Income and price
D. Income and saving
6 Name the water project to be completed in April 2009:
A. Gomal Zam Dam
B. Rainee Canal
C. Kachhi Canal
D. Mirani Dam
7 Canons of taxation describes:
A. Marshall
B. Keynes
C. Robbins
D. Adam Smith
8
In monopoly, which of the following is NOT true?
A. Products are differentiated
B.
There is freedom of entry and exit into the industry in the long run
C. The firm is a price maker
D. There is one main seller
9 Which economist presented the Cardinal Theory of Utility:
A. Marshall
B. Canon
C. Kroose
D. J.B. Say
10 When national income is increases:
A. Standard of living increases
B. Standard of living decreases
C. Remains same
D. Bad thing

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