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

What was the share of the major crops of value added in agriculture in 2005-06?

Question # 2

Which of the following will be TRUE if real income rose and the interest rate fell following an increase in government purchases?

Question # 3

The production of gram in 2005-06, in thousand tons was:

Question # 4

The Kachhi Canal water project shall be completed in:

Question # 5

Which of the following economists came up with a theory regarding the tradeoff between unemployment and inflation?

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NAT-II Economy Chapter 0 Important MCQ's

Sr.# Question Answer
1 Welfare economics is the branch of economics which deals with:
A. Positive issues
B. Normative issues
C. Micro issues
D. Macro issues
2 Who described Economies as a science of wealth:
A. Piguo
B. Adam Smith
C. Robbins
D. Marshall
3 The price elasticity of demand for any good must be less than or equal to zero unless:
A. The good is a necessity.
B. The good is a luxury.
C. The good is a Ciffen good.
D. None of the given options.
4 In inflation prices:
A. Increase
B. Do not change
C. Decrease
D. Become zero
5 Consumer goods are those goods which are used by a man:
A. Directly
B. Off and On
C. Indirectly
D. Never
6 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
7 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
8 Inflation will be useful for:
A. Labourers
B. Industrialist
C. Consumers
D. Pensioners
9 Who wrote "The Nature and Significance of Economics":
A. Adam Smith
B. Marshall
C. Robbins
D. Keynes
10 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

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