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

The total cost (TC) function is given as: TC = 200 + 5Q. What is the fixed cost?

Question # 2

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

Question # 3

The supply of perishable goods is:

Question # 4

What is the interest rate effect that explains why the aggregate demand curve slopes downward?

Question # 5

The share of agriculture in the national economy in 2005-06, 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 For knowing the spending capacity of the household sector, we have to use the concept of:
A. National income
B. Personal income
C. Private income
D. Personal disposable income
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 Consumer goods are those goods which are used by a man:
A. Directly
B. Off and On
C. Indirectly
D. Never
5 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
6
The aggregate supply curve is the relationship between:
A.
The price level and the real domestic output purchased
B.
The price level and the real domestic output produced
C.
The price level which producers are willing to accept and the price level purchasers are willing to pay.
D.
The real domestic output purchased and the real domestic output produced.
7 Income elasticity show the relationship between:
A. Income and demand
B. Income and consumption
C. Income and price
D. Income and saving
8 Which Economists presented the law of diminishing marginal utility:
A. Robbins
B. Malthus
C. Adam Smith
D. Marshall
9 The quality of a good which satisfies a human want is called as:
A. Service
B. Cost
C. Utility
D. None
10 Canons of taxation describes:
A. Marshall
B. Keynes
C. Robbins
D. Adam Smith

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