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

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

Question # 2

Macro Economics was introduced by

Question # 3

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

Question # 4

In the short run, the equilibrium price level and the equilibrium level of total output are determined by the intersection of:

Question # 5

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

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NAT-II Economy Chapter 0 Important MCQ's

Sr.# Question Answer
1 How much amount was allocated for Prime Minister's special intiative for livestock during 2005-06 ?
A. Rs. 672 million
B. Rs. 812 million
C. Rs. 1,696 million
D. Rs. 2,400 million
2 It is a Federal Tax:
A. Excise duty
B. Local Tax
C. Property Tax
D. None
3 In 2005-06, bajra was grown on 438 thousand hectares and its production in thousand tons was:
A. 190
B. 221
C. 350
D. 475
4 Who wrote "The Nature and Significance of Economics":
A. Adam Smith
B. Marshall
C. Robbins
D. Keynes
5 The economy gets maximum prosperity during:
A. Recession
B. Recovery
C. Boom
D. Depression
6
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
7 The price elasticity of demand for any good must be less than or equal to zero unless:
A. The good is a necessity.
B. The good is a luxury.
C. The good is a Ciffen good.
D. None of the given options.
8 The Kachhi Canal water project shall be completed in:
A. September 2008
B. June 2008
C. April 2009
D. December 2008
9 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
10 In 2005-06, the crop area of sugarcane in thousand hectares was:
A. 540
B. 642
C. 756
D. 907

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