NAT IIM Management Science Economy Online Test for Pakistani Students

MCQ's Test For NAT II Management Science Economy

Try The 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 per capita income was $742 in 2004-05 but in 2005-06, rose to:

Question # 2

What was the production of wheat in million tones during 2005-06?

Question # 3

During 2005-06 maize was grown on an area of 982 thousand hectares and its production was:

Question # 4

"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?

Question # 5

A nation's balance of payments can be affected by changes in:

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NAT-II Economy Chapter 0 Important MCQ's

Sr.# Question Answer
1 In 2005-06 which country had the highest growth rate among the following?
A. Egypt
B. Singapore
C. Kuwait
D. Nigeria
2 The production of gram in 2005-06, in thousand tons was:
A. 450
B. 500
C. 527
D. 750
3
A monopolistically competitive firm in the long run equilibrium:
A. Will make negative profit.
B. Will make zero profit.
C. Will make positive profit
D. Any of the given are possible.
4 In inflation prices:
A. Increase
B. Do not change
C. Decrease
D. Become zero
5
The market structure in which strategic considerations are most important is:
A. Monopolistic competition.
B. Oligopoly.
C. Pure competition.
D. Pure monopoly.
6 Which of the following economists came up with a theory regarding the tradeoff between unemployment and inflation?
A. A.W. Phillips
B. John Maynard Keynes
C. Joseph Schumpeter
D. Milton Friedman
7
Under the kinked demand curve model, an increase in marginal cost will lead to:
A.
An increase in output level and a decrease in price.
B.
A decrease in output level and an increase in price.
C.
A decrease in output level and no change in price.
D.
Neither a change in output level our a change in price.
8 "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
9 In 2005-06 the share of chemicals was 9.08 percent and the share of electricals was:
A. 4.6 percent
B. 8.2 percent
C. 11.78 percent
D. 16.3 percent
10 The elasticity of demand of durable goods is
A. More than unity
B. Equal to unity
C. Less than unity
D. Zero

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