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

Which of the following will be TRUE if real income rose and the interest rate fell following an increase in government purchases?

Question # 2

In the short run, the equilibrium price level and the equilibrium level of total output are determined by the intersection of:

Question # 3

What remains after deduction of direct taxes lions the personal income:

Question # 4

In 2005-06, the crop area of sugarcane in thousand hectares was:

Question # 5

Who is responsible for profit and loss in the business:

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NAT-II Economy Chapter 0 Important MCQ's

Sr.# Question Answer
1 National income does not include:
A. Profit
B. Wages
C. Interest
D. Transfer payments
2 Average revenue is equal to:
A. Price
B. Total revenue
C. Marginal revenue
D. Average cost
3 In inflation prices:
A. Increase
B. Do not change
C. Decrease
D. Become zero
4 The economy gets maximum prosperity during:
A. Recession
B. Recovery
C. Boom
D. Depression
5 The production of gram in 2005-06, in thousand tons was:
A. 450
B. 500
C. 527
D. 750
6 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
7 What remains after deduction of direct taxes lions the personal income:
A. NNI
B. DPI
C. NDI
D. GNP
8 A firm is charging a different price for each unit purchased by a consumer.This is called:
A. First-degree price discrimination
B. Second-degree price discrimination
C. Third-degree price discrimination
D. None of the given options
9 The per capita income was $742 in 2004-05 but in 2005-06, rose to:
A. $ 795
B. $ 847
C. $ 880
D. $900
10 How much amount was allocated for Prime Minister's special intiative for livestock during 2005-06 ?
A. Rs. 672 million
B. Rs. 812 million
C. Rs. 1,696 million
D. Rs. 2,400 million

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