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 quality of a commodity which satisfies the human wants:

Question # 3

If pen and ink are complements, then an increase in the price of pen will cause:

Question # 4

A monopolistically competitive firm in short run equilibrium:

Question # 5

Reward the labour is:

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NAT-II Economy Chapter 0 Important MCQ's

Sr.# Question Answer
1 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
2 How many methods can be used for cultivation:
A. One
B. Two
C. Three
D. Four
3 Give the production of sugarcane in Pakistan in 2005-06?
A. 22 millions tons
B. 33 million tons
C. 44 million tons
D. 55 million tons
4 Phases of trade cycle are:
A. One
B. Three
C. Two
D. Four
5 Ushr implies on:
A. Agricultural product
B. Industrial product
C. Agricultural & industrial product
D. None of these
6 Due to devaluation exports become:
A. Smaller
B. Larger
C. Cheaper
D. Expensive
7 National income does not include:
A. Profit
B. Wages
C. Interest
D. Transfer payments
8 Canons of taxation describes:
A. Marshall
B. Keynes
C. Robbins
D. Adam Smith
9 Consumer goods are those goods which are used by a man:
A. Directly
B. Off and On
C. Indirectly
D. Never
10 Which sector contributed to 22 percent to GDP in Pakistan in 2005-06?
A. Services
B. Transport
C. Mining
D. Agriculture

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