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

If total expenditure decrease with the rise in prices elasticity of demand will be:

Question # 2

During 2005-06 maize was grown on an area of 982 thousand hectares and its production was:

Question # 3

What remains after deduction of direct taxes lions the personal income:

Question # 4

Who is the writer of Wealth of Nation?

Question # 5

In inflation prices:

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NAT-II Economy Chapter 0 Important MCQ's

Sr.# Question Answer
1 Macro Economics was introduced by
A. Alfred Marshall
B. J.M. Keynes
C. N.W. Senior
D. J.B. Clark
2 Which ASEAN nation had the highest growth rate of 7.5 percent in 2005-06?
A. Indonesia
B. Malaysia
C. Vietnam
D. Thailand
3 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
4 The quality of a good which satisfies a human want is called as:
A. Service
B. Cost
C. Utility
D. None
5 The supply of land is:
A. Infinity
B. Fixed
C. Variable
D. Zero
6 National income does not include:
A. Profit
B. Wages
C. Interest
D. Transfer payments
7 Phases of trade cycle are:
A. One
B. Three
C. Two
D. Four
8 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
9 What was the share of livestock to the GNP during 2005-06?
A. 4.7percent
B. 6.5percent
C. 3.5percent
D. 8.0percent
10 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

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