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

Ushr implies on:

Question # 2

The elasticity of demand of durable goods is:

Question # 3

Who wrote "The Nature and Significance of Economics":

Question # 4

The GDP growth rate of agriculture sector in 2005-06 was:

Question # 5

The market structure in which strategic considerations are most important is:

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NAT-II Economy Chapter 0 Important MCQ's

Sr.# Question Answer
1
The market structure in which strategic considerations are most important is:
A. Monopolistic competition.
B. Oligopoly.
C. Pure competition.
D. Pure monopoly.
2 Give the share of commodity producing the sector in the GNP in 2005-06?
A. 2.5 percent
B. 4.3percent
C. 3.8percent
D. 7.2percent
3 Give the production of sugarcane in Pakistan in 2005-06?
A. 22 millions tons
B. 33 million tons
C. 44 million tons
D. 55 million tons
4 The Diamer Bhasha Dam will be completed in :
A. 2009
B. 2010
C. 2012
D. 2015
5 Ushr implies on:
A. Agricultural product
B. Industrial product
C. Agricultural & industrial product
D. None of these
6
As more of a good is consumed, then total utility typically:
A. Increases at a decreasing rate.
B.
Decreases as long as marginal utility is negative
C.
Decreases as long as marginal utility is positive
D.
Is negative as long as marginal utility is decreasing.
7 Average revenue is equal to:
A. Price
B. Total revenue
C. Marginal revenue
D. Average cost
8 Income elasticity show the relationship between:
A. Income and demand
B. Income and consumption
C. Income and price
D. Income and saving
9 A tax on the accounting profits of corporations is known as:
A. Sales tax
B. Excise tax
C. Corporate income tax
D. Personal income tax
10 Due to devaluation exports become:
A. Smaller
B. Larger
C. Cheaper
D. Expensive

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