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

00:00
Question # 1

The market structure in which strategic considerations are most important is:

Question # 2

What was the difficulty in the barter System:

Question # 3

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:

Question # 4

Which of the following event will lead towards cost-push inflation and therefore stagflation?

Question # 5

What was the percentage in the production of cotton yarn during July-March 2005-06?

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NAT-II Economy Chapter 0 Important MCQ's

Sr.# Question Answer
1 For knowing the spending capacity of the household sector, we have to use the concept of:
A. National income
B. Personal income
C. Private income
D. Personal disposable income
2 Reward the labour is:
A. Interest
B. Wages
C. Profit
D. Rent
3 Name the water project to be completed in April 2009:
A. Gomal Zam Dam
B. Rainee Canal
C. Kachhi Canal
D. Mirani Dam
4
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
5 The economy gets prosperity during:
A. Recession
B. Boom
C. Depression
D. Recovery
6 What was the number of buffaloes in 2005-06?
A. 12 million
B. 28.4 million
C. 34 million
D. 40 million
7 Income elasticity show the relationship between:
A. Income and demand
B. Income and consumption
C. Income and price
D. Income and saving
8 In 2005-06, the crop area of sugarcane in thousand hectares was:
A. 540
B. 642
C. 756
D. 907
9 Which of the following will be TRUE if real income rose and the interest rate fell following an increase in government purchases?
A. IS curve must be vertical
B. LM curve must be vertical
C. Central Bank must have increased the money supply at the same time
D. Central Bank must have decreased the money supply at the same time
10 Which sector contributed to 22 percent to GDP in Pakistan in 2005-06?
A. Services
B. Transport
C. Mining
D. Agriculture

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