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

What was the production of rice in million tons in 2005-06?

Question # 2

Given the amount of gross fixed investment percentage of GDP during 2005-06.

Question # 3

Income elasticity show the relationship between:

Question # 4

In 2005-06 the share of chemicals was 9.08 percent and the share of electricals was:

Question # 5

Which of the following economists came up with a theory regarding the tradeoff between unemployment and inflation?

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NAT-II Economy Chapter 0 Important MCQ's

Sr.# Question Answer
1 In inflation prices:
A. Increase
B. Do not change
C. Decrease
D. Become zero
2 For knowing the spending capacity of the household sector, we have to use the concept of:
A. National income
B. Personal income
C. Private income
D. Personal disposable income
3 Macro Economics was introduced by
A. Alfred Marshall
B. J.M. Keynes
C. N.W. Senior
D. J.B. Clark
4 Average revenue is equal to:
A. Price
B. Total revenue
C. Marginal revenue
D. Average cost
5 What was the production of wheat in million tones during 2005-06?
A. 16.6
B. 21.7
C. 26.2
D. 30.8
6 Give the share of commodity producing the sector in the GNP in 2005-06?
A. 2.5 percent
B. 4.3percent
C. 3.8percent
D. 7.2percent
7
A monopolistically competitive firm in short run equilibrium:
A.
Will make negative profit (lose money).
B. Will make zero profit (break-even)
C. Will make positive profit
D. Any of the given are possible.
8 The economy gets prosperity during:
A. Recession
B. Boom
C. Depression
D. Recovery
9 The share of agriculture in the national economy in 2005-06, was:
A. 21.6percent
B. 16.2percent
C. 12.8percent`
D. 13.4percent
10 "Government collects zero revenue if the tax rate is 0% and if the tax rate is 100%." Which of the following best describes this statement?
A. Consumption curve
B. Supply curve
C. Laffer curve
D. Investment curve

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