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

The shape of AR and MR under perfect competition is:

Question # 2

Canons of taxation describes:

Question # 3

If money supply is fixed by the central bank then in interest rate money supply space, money supply curve will be:

Question # 4

The methods of measuring elasticity of supply are:

Question # 5

Reward for capital is called:

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NAT-II Economy Chapter 0 Important MCQ's

Sr.# Question Answer
1 The supply of land is:
A. Infinity
B. Fixed
C. Variable
D. Zero
2 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
3 How many methods can be used for cultivation:
A. One
B. Two
C. Three
D. Four
4 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
5 In 2005-06 total production of fish inland and marine in Pakistan was:
A. 5,81,000 tons
B. 6,72,000 tons
C. 7,44,000 tons
D. 8,33,000 tons
6 The price elasticity of demand for any good must be less than or equal to zero unless:
A. The good is a necessity.
B. The good is a luxury.
C. The good is a Ciffen good.
D. None of the given options.
7 Who criticized Prof. Robbin's definition?
A. Marshall, J.B
B. Beveridge
C. Clark
D. Pigeou
8 Canons of taxation describes:
A. Marshall
B. Keynes
C. Robbins
D. Adam Smith
9 Inflation on prices:
A. Decrease
B. Remains constant
C. Increase
D. Become zero
10 In inflation prices:
A. Increase
B. Do not change
C. Decrease
D. Become zero

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