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

If total expenditure decrease with the rise in prices elasticity of demand will be:

Question # 2

As more of a good is consumed, then total utility typically:

Question # 3

A monopolistically competitive firm in short run equilibrium:

Question # 4

Which of the following event will lead towards cost-push inflation and therefore stagflation?

Question # 5

Which Economists presented the law of diminishing marginal utility:

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NAT-II Economy Chapter 0 Important MCQ's

Sr.# Question Answer
1 "Government collects zero revenue if the tax rate is 0% and if the tax rate is 100%." Which of the following best describes this statement?
A. Consumption curve
B. Supply curve
C. Laffer curve
D. Investment curve
2 When national income is increases:
A. Standard of living increases
B. Standard of living decreases
C. Remains same
D. Bad thing
3 What was the contribution of the services sector to the GNP in FY 2005-06.
A. 9.2 percent
B. 3.5 percent
C. 8.8 percent
D. 4.7 percent
4 It is a Federal Tax:
A. Excise duty
B. Local Tax
C. Property Tax
D. None
5 An increase in supply is shown by:
A. Shifting the supply curve to the left
B. Shifting the supply curve to the right
C. Upward movement along the supply curve
D. Downward movement along the supply curve
6 International trade has the benefits:
A. One
B. Three
C. Two
D. Unlimited
7 The per capita income was $742 in 2004-05 but in 2005-06, rose to:
A. $ 795
B. $ 847
C. $ 880
D. $900
8 Inflation will be useful for:
A. Labourers
B. Industrialist
C. Consumers
D. Pensioners
9 Inflation on prices:
A. Decrease
B. Remains constant
C. Increase
D. Become zero
10 Due to devaluation exports become:
A. Smaller
B. Larger
C. Cheaper
D. Expensive

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