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

Price floor results in:

Question # 2

Canons of taxation describes:

Question # 3

The other name of law of diminishing return is:

Question # 4

The methods of measuring elasticity of supply are:

Question # 5

If total expenditure decrease with the rise in prices elasticity of demand will be:

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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 Canons of taxation describes:
A. Marshall
B. Keynes
C. Robbins
D. Adam Smith
3 The economy gets maximum prosperity during:
A. Recession
B. Recovery
C. Boom
D. Depression
4 The interest rate parity is the basic identity that relates which of the following?
A. Interest rates and exchange rates
B. Interest rates and inflation rate
C. Exchange rates and inflation rate
D. Discount rate and inflation rate
5 What was the growth recorded by the manufacturing sector during 2005-06?
A. 4.2 percent
B. 5.5percent
C. 7.3percent
D. 8.6percent
6 The production of gram in 2005-06, in thousand tons was:
A. 450
B. 500
C. 527
D. 750
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 The long run aggregate supply curve will shift to the right if:
A. The price level increases.
B. Factors of production (such as labor and capital) increase
C. Expenditures (such as consumption and net exports) increase.
D. The prices of inputs used to produce goods and services (such as wages and the price of oil)descreases
9 Who criticized Prof. Robbin's definition?
A. Marshall, J.B
B. Beveridge
C. Clark
D. Pigeou
10 The elasticity of demand of durable goods is:
A. Zero
B. More than unity
C. Less than unity
D. Equal to unity

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