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

A monopolistically competitive firm in the long run equilibrium:

Question # 2

Which ASEAN nation had the highest growth rate of 7.5 percent in 2005-06?

Question # 3

Which sector contributed to 22 percent to GDP in Pakistan in 2005-06?

Question # 4

A nation's balance of payments can be affected by changes in:

Question # 5

Which economist presented the Cardinal Theory of Utility:

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NAT-II Economy Chapter 0 Important MCQ's

Sr.# Question Answer
1 What was the share of livestock to the GNP during 2005-06?
A. 4.7percent
B. 6.5percent
C. 3.5percent
D. 8.0percent
2 The supply of perishable goods is:
A. Fixed
B. Variable
C. Minor change
D. Zero
3 In inflation prices:
A. Increase
B. Do not change
C. Decrease
D. Become zero
4 The GDP growth rate of agriculture sector in 2005-06 was:
A. 2.5 percent
B. 4.3 percent
C. 1.6 percent
D. 9.3 percent
5 The elasticity of demand of durable goods is
A. More than unity
B. Equal to unity
C. Less than unity
D. Zero
6 Average revenue is equal to:
A. Price
B. Total revenue
C. Marginal revenue
D. Average cost
7 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
8 When national income is increases:
A. Standard of living increases
B. Standard of living decreases
C. Remains same
D. Bad thing
9 In 2005-06 which country had the highest growth rate among the following?
A. Egypt
B. Singapore
C. Kuwait
D. Nigeria
10 The Diamer Bhasha Dam will be completed in :
A. 2009
B. 2010
C. 2012
D. 2015

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