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 long run aggregate supply curve will shift to the right if:

Question # 2

Which ASEAN nation had the highest growth rate of 7.5 percent in 2005-06?

Question # 3

In monopoly, which of the following is NOT true?

Question # 4

Marginal cost curve always intersects average cost curve at:

Question # 5

A monopolistically competitive firm in short run equilibrium:

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NAT-II Economy Chapter 0 Important MCQ's

Sr.# Question Answer
1 When price falls supply:
A. Expands
B. Contracts
C. Remains zero
D. Becomes fixed
2 Income elasticity show the relationship between:
A. Income and demand
B. Income and consumption
C. Income and price
D. Income and saving
3 Canons of taxation describes:
A. Marshall
B. Keynes
C. Robbins
D. Adam Smith
4 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
5 Given the amount of gross fixed investment percentage of GDP during 2005-06.
A. 14.2 percent
B. 18.4 percent
C. 25.0 percent
D. 26.6 percent
6 What was the difficulty in the barter System:
A. Excess of goods
B. Difference language
C. Lack of co-incidence
D. Difference in profession
7 Personal income includes:
A. Direct taxes
B. Indirect taxes
C. Undivided profit
D. Both 2nd and 3rd
8 The share of agriculture in the national economy in 2005-06, was:
A. 21.6percent
B. 16.2percent
C. 12.8percent`
D. 13.4percent
9 In inflation prices:
A. Increase
B. Do not change
C. Decrease
D. Become zero
10 A good for which income and quantity demanded are inversely related is known as:
A. Inferior good
B. Complementary good
C. Normal good
D. None of the given options

Test Questions