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

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

Question # 2

An increase in supply is shown by:

Question # 3

The per capita income was $742 in 2004-05 but in 2005-06, rose to:

Question # 4

A monopolistically competitive firm in the long run equilibrium:

Question # 5

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:

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NAT-II Economy Chapter 0 Important MCQ's

Sr.# Question Answer
1 Phases of trade cycle are:
A. One
B. Three
C. Two
D. Four
2 The supply of land is:
A. Infinity
B. Fixed
C. Variable
D. Zero
3 Ushr implies on:
A. Agricultural product
B. Industrial product
C. Agricultural & industrial product
D. None of these
4 Consumer goods are those goods which are used by a man:
A. Directly
B. Off and On
C. Indirectly
D. Never
5 Inflation on prices:
A. Decrease
B. Remains constant
C. Increase
D. Become zero
6 Mairani Dam is being built in Balochistan Gomal Zam Dam in NWFP and Diamer Bhasha Dam in the region of:
A. Punjab
B. Northern Areas
C. NWFP
D. Sindh
7
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
8 The price elasticity of demand measures the responsiveness of quantity demanded to:
A. Quantity demanded
B. Quantity supplied
C. Price
D. Output
9 Due to devaluation exports become:
A. Smaller
B. Larger
C. Cheaper
D. Expensive
10 The Kachhi Canal water project shall be completed in:
A. September 2008
B. June 2008
C. April 2009
D. December 2008

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