NAT IIM Management Science Economy Online Test for Pakistani Students

MCQ's Test For NAT II Management Science Economy

Try The MCQ's Test For NAT II Management Science Economy

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NAT II Management Science Economy

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Question # 1

Who described Economies as a science of wealth:

Question # 2

Inflation on prices:

Question # 3

In 2005-06 which country had the highest growth rate among the following?

Question # 4

The price elasticity of demand for any good must be less than or equal to zero unless:

Question # 5

What was the difficulty in the barter System:

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NAT-II Economy Chapter 0 Important MCQ's

Sr.# Question Answer
1 In 2005-06, bajra was grown on 438 thousand hectares and its production in thousand tons was:
A. 190
B. 221
C. 350
D. 475
2 What was the contribution of the services sector to the GNP in FY 2005-06.
A. 9.2 percent
B. 3.5 percent
C. 8.8 percent
D. 4.7 percent
3 Due to devaluation exports become:
A. Smaller
B. Larger
C. Cheaper
D. Expensive
4 Which group of the following showed a negative growth of -58.6 percent during 2005-06?
A. Chemicals
B. Petroleum
C. Electricals
D. Basic Metals
5 Reward for capital is called:
A. Rent
B. Interest
C. Wages
D. Profit
6 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
7 The per capita income was $742 in 2004-05 but in 2005-06, rose to:
A. $ 795
B. $ 847
C. $ 880
D. $900
8 The methods of measuring elasticity of supply are:
A. Three
B. Two
C. Four
D. Five
9 In 2005-06, the crop area of cotton was 3,096 thousand hectares and the crop area of rice was:
A. 2,620
B. 982
C. 8,303
D. 4,702
10 Inflation will be useful for:
A. Labourers
B. Industrialist
C. Consumers
D. Pensioners

Test Questions

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