NAT IIM Management Science Economy Online Test for Pakistani Students

MCQ's Test For NAT II Management Science Economy

Try The MCQ's Test For NAT II Management Science Economy

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NAT II Management Science Economy

00:00
Question # 1

Give the share of commodity producing the sector in the GNP in 2005-06?

Question # 2

For a firm buying labor competitively, the marginal input cost is equal to the:

Question # 3

During 2005-06 maize was grown on an area of 982 thousand hectares and its production was:

Question # 4

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

Question # 5

Who described Economies as a science of wealth:

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NAT-II Economy Chapter 0 Important MCQ's

Sr.# Question Answer
1 Ushr implies on:
A. Agricultural product
B. Industrial product
C. Agricultural & industrial product
D. None of these
2 Reward for capital is called:
A. Rent
B. Interest
C. Wages
D. Profit
3 The shape of AR and MR under perfect competition is:
A. Vertical
B. U-shape
C. Horizontal to ox-axis
D. None of these
4 If pen and ink are complements, then an increase in the price of pen will cause:
A. An increase in the price of ink
B. Less ink to the demanded at each price
C. A decrease in the demand for pen
D. A rightward shift in the demand curve for ink
5 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
6 National income does not include:
A. Profit
B. Wages
C. Interest
D. Transfer payments
7 What was the number of buffaloes in 2005-06?
A. 12 million
B. 28.4 million
C. 34 million
D. 40 million
8 Consumer goods are those goods which are used by a man:
A. Directly
B. Off and On
C. Indirectly
D. Never
9 The per capita income was $742 in 2004-05 but in 2005-06, rose to:
A. $ 795
B. $ 847
C. $ 880
D. $900
10
In monopoly, which of the following is NOT true?
A. Products are differentiated
B.
There is freedom of entry and exit into the industry in the long run
C. The firm is a price maker
D. There is one main seller

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