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 economist presented the Cardinal Theory of Utility:

Question # 2

The economy gets maximum prosperity during:

Question # 3

The real exchange rate is defined as the:

Question # 4

Who criticized Prof. Robbin's definition?

Question # 5

How much amount was allocated for Prime Minister's special intiative for livestock during 2005-06 ?

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NAT-II Economy Chapter 0 Important MCQ's

Sr.# Question Answer
1 The quality of a commodity which satisfies the human wants:
A. Usefulness
B. Loss
C. Utility
D. Return
2
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
3 The per capita income was $742 in 2004-05 but in 2005-06, rose to:
A. $ 795
B. $ 847
C. $ 880
D. $900
4 In February 2006, the Avian Influenza was reported by poultry farm in:
A. Hyderabad
B. Karachi
C. Multan
D. Charsadda
5 According to law of increasing return, marginal product:
A. Increases
B. Decreases
C. Remains constant
D. None of these
6 Who is the writer of Wealth of Nation?
A. Marshall
B. Adam Smith
C. Robbins
D. Keynes
7 In inflation prices:
A. Increase
B. Do not change
C. Decrease
D. Become zero
8 Welfare economics is the branch of economics which deals with:
A. Positive issues
B. Normative issues
C. Micro issues
D. Macro issues
9 Inflation will be useful for:
A. Labourers
B. Industrialist
C. Consumers
D. Pensioners
10 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

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