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

The other name of law of diminishing return is:

Question # 2

What is deducted from GNP to find GDP:

Question # 3

The supply of land is:

Question # 4

During 2005-06, the construction sector contributed 9.2 percent to GNP and the share of fishing was:

Question # 5

What was the share of livestock to the GNP during 2005-06?

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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 The production of gram in 2005-06, in thousand tons was:
A. 450
B. 500
C. 527
D. 750
3 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
4 What was the share of the major crops of value added in agriculture in 2005-06?
A. 24.2percent
B. 35.2percent
C. 39.1percent
D. 45percent
5 Income elasticity show the relationship between:
A. Income and demand
B. Income and consumption
C. Income and price
D. Income and saving
6 Real GDP is equal to:
A. Nominal GDP - Inflation
B. Nominal GDP + Inflation
C. Nominal GDP / Inflation
D. Inflation / Nominal GDP
7 In inflation prices:
A. Increase
B. Do not change
C. Decrease
D. Become zero
8
A monopolistically competitive firm in the long run equilibrium:
A. Will make negative profit.
B. Will make zero profit.
C. Will make positive profit
D. Any of the given are possible.
9 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
10 The share of the automobile group in manufacturing group in 2005-06 was:
A. 20.2 percent
B. 29.7 percent
C. 14.4 percent
D. 16.8 percent

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