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

Which Economists presented the law of diminishing marginal utility:

Question # 2

Average revenue is equal to:

Question # 3

What was the difficulty in the barter System:

Question # 4

Reward the labour is:

Question # 5

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

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NAT-II Economy Chapter 0 Important MCQ's

Sr.# Question Answer
1 Which Economists presented the law of diminishing marginal utility:
A. Robbins
B. Malthus
C. Adam Smith
D. Marshall
2 The GDP growth rate of agriculture sector in 2005-06 was:
A. 2.5 percent
B. 4.3 percent
C. 1.6 percent
D. 9.3 percent
3
As more of a good is consumed, then total utility typically:
A. Increases at a decreasing rate.
B.
Decreases as long as marginal utility is negative
C.
Decreases as long as marginal utility is positive
D.
Is negative as long as marginal utility is decreasing.
4 During 2005-06 maize was grown on an area of 982 thousand hectares and its production was:
A. 3.5 million tones
B. 4.2 million tones
C. 5.2 million tones
D. 6.7 million tones
5 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
6 During a year aggregate value of produced goods and services of a country is called:
A. Per-capita income
B. Net national income
C. Personal income
D. Gross national product
7 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
8 In inflation prices:
A. Increase
B. Do not change
C. Decrease
D. Become zero
9 What was the percentage in the production of cotton yarn during July-March 2005-06?
A. 11.1 percent
B. 15.2 percent
C. 17.6 percent
D. 19.2 percent
10 Price floor results in:
A. All of the given options
B. Excess supply.
C. Equilibrium
D. Excess demand

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