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

Mairani Dam is being built in Balochistan Gomal Zam Dam in NWFP and Diamer Bhasha Dam in the region of:

Question # 2

The quality of a commodity which satisfies the human wants:

Question # 3

Welfare economics is the branch of economics which deals with:

Question # 4

The long run aggregate supply curve will shift to the right if:

Question # 5

Inflation on prices:

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NAT-II Economy Chapter 0 Important MCQ's

Sr.# Question Answer
1
For a firm buying labor competitively, the marginal input cost is equal to the:
A. Wage
B. Interest rate
C. Price of output
D. Cost of raw materials
2 A market is said to be in equilibrium when:
A. Demand equals output
B. There is downward pressure on price
C. The amount consumers wish to buy at the current price equals the amount producers wish to sell at that price
D. All buyers are able to find sellers willing to sell to them at the current price
3 Reward for capital is called:
A. Rent
B. Interest
C. Wages
D. Profit
4 What remains after deduction of direct taxes lions the personal income:
A. NNI
B. DPI
C. NDI
D. GNP
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
The market structure in which strategic considerations are most important is:
A. Monopolistic competition.
B. Oligopoly.
C. Pure competition.
D. Pure monopoly.
7 The interest rate parity is the basic identity that relates which of the following?
A. Interest rates and exchange rates
B. Interest rates and inflation rate
C. Exchange rates and inflation rate
D. Discount rate and inflation rate
8 The economy gets maximum prosperity during:
A. Recession
B. Recovery
C. Boom
D. Depression
9 According to law of increasing return, marginal product:
A. Increases
B. Decreases
C. Remains constant
D. None of these
10 The supply of land is:
A. Infinity
B. Fixed
C. Variable
D. Zero

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