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

In 2005-06 the growth rate of Saudi Arabia was 6.5 percent, Kuwait 8.5 percent and Bangladesh 5.8 percent. What was the growth rate of Iran?

Question # 2

A market is said to be in equilibrium when:

Question # 3

If we compare Gross Domestic Product (GDP) with Gross National
1. Product (GNP) then:

Question # 4

In 2005-06, the percentage of total investment to GDP was:

Question # 5

Under the kinked demand curve model, an increase in marginal cost will lead to:

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NAT-II Economy Chapter 0 Important MCQ's

Sr.# Question Answer
1 The economy gets prosperity during:
A. Recession
B. Boom
C. Depression
D. Recovery
2 If money supply is fixed by the central bank then in interest rate money supply space, money supply curve will be:
A. Horizontal
B. Vertical
C. Negatively sloped
D. Positively sloped
3 Average revenue is equal to:
A. Price
B. Total revenue
C. Marginal revenue
D. Average cost
4 Income elasticity show the relationship between:
A. Income and demand
B. Income and consumption
C. Income and price
D. Income and saving
5 In inflation prices:
A. Increase
B. Do not change
C. Decrease
D. Become zero
6 Consumer goods are those goods which are used by a man:
A. Directly
B. Off and On
C. Indirectly
D. Never
7 Who wrote "The Nature and Significance of Economics":
A. Adam Smith
B. Marshall
C. Robbins
D. Keynes
8 The real exchange rate is defined as the:
A. Market exchange rate adjusted for prices
B. Market exchange rate adjusted for interest rates
C. Market exchange rate
D. Exchange rate determined by the government
9 What is deducted from GNP to find GDP:
A. Depreciation allowance
B. Net income received from abroad
C. Indirect as
D. Transfer payments
10
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

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