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

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

Question # 2

The quality of a commodity which satisfies the human wants:

Question # 3

Inflation on prices:

Question # 4

The interest rate parity is the basic identity that relates which of the following?

Question # 5

Consumer goods are those goods which are used by a man:

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NAT-II Economy Chapter 0 Important MCQ's

Sr.# Question Answer
1 If money supply is fixed by the central bank then in interest rate money supply space, money supply curve will be:
A. Horizontal
B. Vertical
C. Negatively sloped
D. Positively sloped
2 The economy gets maximum prosperity during:
A. Recession
B. Recovery
C. Boom
D. Depression
3
The aggregate supply curve is the relationship between:
A.
The price level and the real domestic output purchased
B.
The price level and the real domestic output produced
C.
The price level which producers are willing to accept and the price level purchasers are willing to pay.
D.
The real domestic output purchased and the real domestic output produced.
4 Name the water project to be completed in April 2009:
A. Gomal Zam Dam
B. Rainee Canal
C. Kachhi Canal
D. Mirani Dam
5 Inflation on prices:
A. Decrease
B. Remains constant
C. Increase
D. Become zero
6
Under the kinked demand curve model, an increase in marginal cost will lead to:
A.
An increase in output level and a decrease in price.
B.
A decrease in output level and an increase in price.
C.
A decrease in output level and no change in price.
D.
Neither a change in output level our a change in price.
7 Who wrote "The Nature and Significance of Economics":
A. Adam Smith
B. Marshall
C. Robbins
D. Keynes
8 The quality of a good which satisfies a human want is called as:
A. Service
B. Cost
C. Utility
D. None
9 In 2005-06 the real GDP growth of USA was 3.5 percent, of China 9.9 percent, Japan 2.7 percent, India 8.0 percent and of Pakistan was:
A. 6.6 percent
B. 1.6 percent
C. 4.6 percent
D. 5.0 percent
10 What was the share of livestock to the GNP during 2005-06?
A. 4.7percent
B. 6.5percent
C. 3.5percent
D. 8.0percent

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