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

A nation's balance of payments can be affected by changes in:

Question # 2

When national income is increases:

Question # 3

The growth rate of Sri-lanka in 2005-06?

Question # 4

The real exchange rate is defined as the:

Question # 5

Which of the following large-scale items showed a negative growth of -47.97 percent during July-March 2005-06?

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NAT-II Economy Chapter 0 Important MCQ's

Sr.# Question Answer
1 According to law of increasing return, marginal product:
A. Increases
B. Decreases
C. Remains constant
D. None of these
2 Which of the following is true about supply curve under monopoly?
A. It is same as the competitive market supply curve
B. It is the portion of marginal cost curve where marginal costs exceed the minimum value of average variable costs
C. It is the result of market power and production costs
D. None of the given statements is true
3 According to law of diminishing marginal utility, the marginal utility:
A. Increases
B. Remains constant
C. Diminshes
D. Negative
4 Which sector contributed to 22 percent to GDP in Pakistan in 2005-06?
A. Services
B. Transport
C. Mining
D. Agriculture
5 What was the production of rice in million tons in 2005-06?
A. 4.4
B. 5.5
C. 6.6
D. 7.7
6 Inflation will be useful for:
A. Labourers
B. Industrialist
C. Consumers
D. Pensioners
7 Who presented the quantity theory of money:
A. Marshall
B. Robbins
C. Taussig
D. Keynes
8 In the FY 2005-06 the GDP growth rate of Euro area was 1.3 percent, the developing nations 8.6 percent and the world was:
A. 3.5 percent
B. 4.8 percent
C. 4.5 percent
D. 5.5 percent
9 What is deducted from GNP to find GDP:
A. Depreciation allowance
B. Net income received from abroad
C. Indirect as
D. Transfer payments
10 Which of the following economists came up with a theory regarding the tradeoff between unemployment and inflation?
A. A.W. Phillips
B. John Maynard Keynes
C. Joseph Schumpeter
D. Milton Friedman

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