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

International trade has the benefits:

Question # 2

Who criticized Prof. Robbin's definition?

Question # 3

What was the contribution of the services sector to the GNP in FY 2005-06.

Question # 4

A market is said to be in equilibrium when:

Question # 5

The quality of a commodity which satisfies the human wants:

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NAT-II Economy Chapter 0 Important MCQ's

Sr.# Question Answer
1 The quality of a commodity which satisfies the human wants:
A. Usefulness
B. Loss
C. Utility
D. Return
2
As more of a good is consumed, then total utility typically:
A. Increases at a decreasing rate.
B.
Decreases as long as marginal utility is negative
C.
Decreases as long as marginal utility is positive
D.
Is negative as long as marginal utility is decreasing.
3 The share of agriculture in the national economy in 2005-06, was:
A. 21.6percent
B. 16.2percent
C. 12.8percent`
D. 13.4percent
4
The market structure in which strategic considerations are most important is:
A. Monopolistic competition.
B. Oligopoly.
C. Pure competition.
D. Pure monopoly.
5 Who criticized Prof. Robbin's definition?
A. Marshall, J.B
B. Beveridge
C. Clark
D. Pigeou
6 Macro Economics was introduced by
A. Alfred Marshall
B. J.M. Keynes
C. N.W. Senior
D. J.B. Clark
7 What is the interest rate effect that explains why the aggregate demand curve slopes downward?
A. It refers to the effect of changes in the price level on quantity of investment demanded which in turn affects interest rates
B.
It refers to the effect of interest rates on borrowing which in turn affects consumption spending.
C. It refers to the effect of changes in the price level on interest rates which in turn affects the quantity of investment demanded
D. It refers to the shifts in aggregate demand when interest rates change
8 The growth rate of Sri-lanka in 2005-06?
A. 4.4 percent
B. 5.9 percent
C. 1.8 percent
D. 7.5 percent
9 When price falls supply:
A. Expands
B. Contracts
C. Remains zero
D. Becomes fixed
10 When national income is increases:
A. Standard of living increases
B. Standard of living decreases
C. Remains same
D. Bad thing

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