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

00:00
Question # 1

The market structure in which strategic considerations are most important is:

Question # 2

Which group of the following showed a negative growth of -58.6 percent during 2005-06?

Question # 3

The supply of land is:

Question # 4

Rent of building is included in:

Question # 5

Reward the labour is:

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NAT-II Economy Chapter 0 Important MCQ's

Sr.# Question Answer
1 A firm is charging a different price for each unit purchased by a consumer.This is called:
A. First-degree price discrimination
B. Second-degree price discrimination
C. Third-degree price discrimination
D. None of the given options
2 National income does not include:
A. Profit
B. Wages
C. Interest
D. Transfer payments
3 When price falls supply:
A. Expands
B. Contracts
C. Remains zero
D. Becomes fixed
4 Which sector contributed to 22 percent to GDP in Pakistan in 2005-06?
A. Services
B. Transport
C. Mining
D. Agriculture
5 The economy gets maximum prosperity during:
A. Recession
B. Recovery
C. Boom
D. Depression
6
The market structure in which strategic considerations are most important is:
A. Monopolistic competition.
B. Oligopoly.
C. Pure competition.
D. Pure monopoly.
7 A market is said to be in equilibrium when:
A. Demand equals output
B. There is downward pressure on price
C. The amount consumers wish to buy at the current price equals the amount producers wish to sell at that price
D. All buyers are able to find sellers willing to sell to them at the current price
8 The elasticity of demand of durable goods is
A. More than unity
B. Equal to unity
C. Less than unity
D. Zero
9 What remains after deduction of direct taxes lions the personal income:
A. NNI
B. DPI
C. NDI
D. GNP
10 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

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