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 economists came up with a theory regarding the tradeoff between unemployment and inflation?

Question # 2

Who criticized Prof. Robbin's definition?

Question # 3

Give the production of sugarcane in Pakistan in 2005-06?

Question # 4

Personal income includes:

Question # 5

The methods of measuring elasticity of supply are:

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NAT-II Economy Chapter 0 Important MCQ's

Sr.# Question Answer
1 Which sector contributed to 22 percent to GDP in Pakistan in 2005-06?
A. Services
B. Transport
C. Mining
D. Agriculture
2 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
3 Price floor results in:
A. All of the given options
B. Excess supply.
C. Equilibrium
D. Excess demand
4 During a year aggregate value of produced goods and services of a country is called:
A. Per-capita income
B. Net national income
C. Personal income
D. Gross national product
5 The growth rate of Sri-lanka in 2005-06?
A. 4.4 percent
B. 5.9 percent
C. 1.8 percent
D. 7.5 percent
6 Inflation will be useful for:
A. Labourers
B. Industrialist
C. Consumers
D. Pensioners
7 International trade has the benefits:
A. One
B. Three
C. Two
D. Unlimited
8 Income elasticity show the relationship between:
A. Income and demand
B. Income and consumption
C. Income and price
D. Income and saving
9 When national income is increases:
A. Standard of living increases
B. Standard of living decreases
C. Remains same
D. Bad thing
10 If total expenditure decrease with the rise in prices elasticity of demand will be:
A. Equal to unity
B. Less than unity
C. Greater than unity
D. Equal to zero

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