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

Which of the following is true about supply curve under monopoly?

Question # 2

The GDP growth rate of agriculture sector in 2005-06 was:

Question # 3

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

Question # 4

The share of agriculture in the national economy in 2005-06, was:

Question # 5

How much amount was allocated for Prime Minister's special intiative for livestock during 2005-06 ?

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NAT-II Economy Chapter 0 Important MCQ's

Sr.# Question Answer
1 Reward the labour is:
A. Interest
B. Wages
C. Profit
D. Rent
2 Inflation on prices:
A. Decrease
B. Remains constant
C. Increase
D. Become zero
3 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
4 The other name of law of diminishing return is:
A. Law of supply
B. Law of diminishing marginal utility
C. Law of demand
D. Law of increasing cost
5 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
6 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
7 If money supply is fixed by the central bank then in interest rate money supply space, money supply curve will be:
A. Horizontal
B. Vertical
C. Negatively sloped
D. Positively sloped
8 Which of the following event will lead towards cost-push inflation and therefore stagflation?
A. An increase in taxes on individuals
B. A decrease in real interest rates
C. A union settlement that increases wage levels
D. An increase in government purchases
9 What was the difficulty in the barter System:
A. Excess of goods
B. Difference language
C. Lack of co-incidence
D. Difference in profession
10 The production of gram in 2005-06, in thousand tons was:
A. 450
B. 500
C. 527
D. 750

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