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

Marginal cost curve always intersects average cost curve at:

Question # 2

The supply of land is:

Question # 3

The interest rate parity is the basic identity that relates which of the following?

Question # 4

The Diamer Bhasha Dam will be completed in :

Question # 5

In 2005-06 the share of chemicals was 9.08 percent and the share of electricals was:

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NAT-II Economy Chapter 0 Important MCQ's

Sr.# Question Answer
1 The total cost (TC) function is given as: TC = 200 + 5Q. What is the fixed cost?
A. 5Q
B. 5
C. 5 + (200/Q)
D. 200
2 The Diamer Bhasha Dam will be completed in :
A. 2009
B. 2010
C. 2012
D. 2015
3 The quality of a good which satisfies a human want is called as:
A. Service
B. Cost
C. Utility
D. None
4 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
5 Average revenue is equal to:
A. Price
B. Total revenue
C. Marginal revenue
D. Average cost
6 Which of the following is true about supply curve under monopoly?
A. It is same as the competitive market supply curve
B. It is the portion of marginal cost curve where marginal costs exceed the minimum value of average variable costs
C. It is the result of market power and production costs
D. None of the given statements is true
7 The economy gets maximum prosperity during:
A. Recession
B. Recovery
C. Boom
D. Depression
8 When national income is increases:
A. Standard of living increases
B. Standard of living decreases
C. Remains same
D. Bad thing
9 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
10 How many methods can be used for cultivation:
A. One
B. Two
C. Three
D. Four

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