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 quality of a commodity which satisfies the human wants:

Question # 2

For a firm buying labor competitively, the marginal input cost is equal to the:

Question # 3

The interest rate parity is the basic identity that relates which of the following?

Question # 4

In 2005-06 the share of chemicals was 9.08 percent and the share of electricals was:

Question # 5

In inflation prices:

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NAT-II Economy Chapter 0 Important MCQ's

Sr.# Question Answer
1 How many methods can be used for cultivation:
A. One
B. Two
C. Three
D. Four
2 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
3 What was the production of rice in million tons in 2005-06?
A. 4.4
B. 5.5
C. 6.6
D. 7.7
4 Reward for capital is called:
A. Rent
B. Interest
C. Wages
D. Profit
5 The production of gram in 2005-06, in thousand tons was:
A. 450
B. 500
C. 527
D. 750
6 Who is responsible for profit and loss in the business:
A. Capitalist
B. Entrepreneur
C. Labour
D. Middleman
7 In 2005-06, the percentage of total investment to GDP was:
A. 8 percent
B. 10percent
C. 15percent
D. 20percent
8 The total cost (TC) function is given as: TC = 200 + 5Q. What is the fixed cost?
A. 5Q
B. 5
C. 5 + (200/Q)
D. 200
9 For a study of the long term growth of the economy, we use:
A. Real GNP
B. Nominal GNP
C. Personal income
D. Disposable personal income
10 Name the water project to be completed in April 2009:
A. Gomal Zam Dam
B. Rainee Canal
C. Kachhi Canal
D. Mirani Dam

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