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

For knowing the spending capacity of the household sector, we have to use the concept of:

Question # 2

A monopolistically competitive firm in the long run equilibrium:

Question # 3

The market structure in which strategic considerations are most important is:

Question # 4

A good for which income and quantity demanded are inversely related is known as:

Question # 5

Due to devaluation exports become:

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NAT-II Economy Chapter 0 Important MCQ's

Sr.# Question Answer
1 International trade has the benefits:
A. One
B. Three
C. Two
D. Unlimited
2 During 2005-06, the construction sector contributed 9.2 percent to GNP and the share of fishing was:
A. 9.2percent
B. 4.4percent
C. 1.9percent
D. -3.6percent
3 For a study of the long term growth of the economy, we use:
A. Real GNP
B. Nominal GNP
C. Personal income
D. Disposable personal income
4 A good for which income and quantity demanded are inversely related is known as:
A. Inferior good
B. Complementary good
C. Normal good
D. None of the given options
5 Which of the following large-scale items showed a negative growth of -47.97 percent during July-March 2005-06?
A. Sugar
B. Vegetable Ghee
C. Billets
D. Cement
6 In inflation prices:
A. Increase
B. Do not change
C. Decrease
D. Become zero
7 Inflation on prices:
A. Decrease
B. Remains constant
C. Increase
D. Become zero
8 Which of the following event will lead towards cost-push inflation and therefore stagflation?
A. An increase in taxes on individuals
B. A decrease in real interest rates
C. A union settlement that increases wage levels
D. An increase in government purchases
9 Which of the following economists came up with a theory regarding the tradeoff between unemployment and inflation?
A. A.W. Phillips
B. John Maynard Keynes
C. Joseph Schumpeter
D. Milton Friedman
10 Who is the writer of Wealth of Nation?
A. Marshall
B. Adam Smith
C. Robbins
D. Keynes

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