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 aggregate supply curve is the relationship between:

Question # 2

What was the difficulty in the barter System:

Question # 3

What is deducted from GNP to find GDP:

Question # 4

During a year aggregate value of produced goods and services of a country is called:

Question # 5

Which group of the following showed a negative growth of -58.6 percent during 2005-06?

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NAT-II Economy Chapter 0 Important MCQ's

Sr.# Question Answer
1 According to law of diminishing marginal utility, the marginal utility:
A. Increases
B. Remains constant
C. Diminshes
D. Negative
2 When price falls supply:
A. Expands
B. Contracts
C. Remains zero
D. Becomes fixed
3 If pen and ink are complements, then an increase in the price of pen will cause:
A. An increase in the price of ink
B. Less ink to the demanded at each price
C. A decrease in the demand for pen
D. A rightward shift in the demand curve for ink
4 International trade has the benefits:
A. One
B. Three
C. Two
D. Unlimited
5 Inflation will be useful for:
A. Labourers
B. Industrialist
C. Consumers
D. Pensioners
6 Marginal cost curve always intersects average cost curve at:
A. The maximum point
B. The central point
C. The minimum point
D. The vertical point
7 What was the production of cotton in 2005-06?
A. 12.4million bales
B. 16.2 millionbales
C. 18.8 million bales
D. 24.1 million bales
8 The Diamer Bhasha Dam will be completed in :
A. 2009
B. 2010
C. 2012
D. 2015
9 In 2005-06 which country had the highest growth rate among the following?
A. Egypt
B. Singapore
C. Kuwait
D. Nigeria
10 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

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