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 total cost (TC) function is given as: TC = 200 + 5Q. What is the fixed cost?

Question # 2

The quality of a good which satisfies a human want is called as:

Question # 3

Phases of trade cycle are:

Question # 4

In February 2006, the Avian Influenza was reported by poultry farm in:

Question # 5

Who is responsible for profit and loss in the business:

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NAT-II Economy Chapter 0 Important MCQ's

Sr.# Question Answer
1 Due to devaluation exports become:
A. Smaller
B. Larger
C. Cheaper
D. Expensive
2 In February 2006, the Avian Influenza was reported by poultry farm in:
A. Hyderabad
B. Karachi
C. Multan
D. Charsadda
3 If pen and ink are complements, then an increase in the price of pen will cause:
A. An increase in the price of ink
B. Less ink to the demanded at each price
C. A decrease in the demand for pen
D. A rightward shift in the demand curve for ink
4 The real exchange rate is defined as the:
A. Market exchange rate adjusted for prices
B. Market exchange rate adjusted for interest rates
C. Market exchange rate
D. Exchange rate determined by the government
5 Marginal cost curve always intersects average cost curve at:
A. The maximum point
B. The central point
C. The minimum point
D. The vertical point
6
As more of a good is consumed, then total utility typically:
A. Increases at a decreasing rate.
B.
Decreases as long as marginal utility is negative
C.
Decreases as long as marginal utility is positive
D.
Is negative as long as marginal utility is decreasing.
7 Give the share of commodity producing the sector in the GNP in 2005-06?
A. 2.5 percent
B. 4.3percent
C. 3.8percent
D. 7.2percent
8 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
9 Average revenue is equal to:
A. Price
B. Total revenue
C. Marginal revenue
D. Average cost
10 Macro Economics was introduced by
A. Alfred Marshall
B. J.M. Keynes
C. N.W. Senior
D. J.B. Clark

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