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

Income elasticity show the relationship between:

Question # 2

If total expenditure decrease with the rise in prices elasticity of demand will be:

Question # 3

Under the kinked demand curve model, an increase in marginal cost will lead to:

Question # 4

Phases of trade cycle are:

Question # 5

If pen and ink are complements, then an increase in the price of pen will cause:

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NAT-II Economy Chapter 0 Important MCQ's

Sr.# Question Answer
1 When price falls supply:
A. Expands
B. Contracts
C. Remains zero
D. Becomes fixed
2 What was the production of cotton in 2005-06?
A. 12.4million bales
B. 16.2 millionbales
C. 18.8 million bales
D. 24.1 million bales
3 Ushr implies on:
A. Agricultural product
B. Industrial product
C. Agricultural & industrial product
D. None of these
4 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
5 What is deducted from GNP to find GDP:
A. Depreciation allowance
B. Net income received from abroad
C. Indirect as
D. Transfer payments
6 Real GDP is equal to:
A. Nominal GDP - Inflation
B. Nominal GDP + Inflation
C. Nominal GDP / Inflation
D. Inflation / Nominal GDP
7 If money supply is fixed by the central bank then in interest rate money supply space, money supply curve will be:
A. Horizontal
B. Vertical
C. Negatively sloped
D. Positively sloped
8 How many methods can be used for cultivation:
A. One
B. Two
C. Three
D. Four
9
For a firm buying labor competitively, the marginal input cost is equal to the:
A. Wage
B. Interest rate
C. Price of output
D. Cost of raw materials
10 Who described Economies as a science of wealth:
A. Piguo
B. Adam Smith
C. Robbins
D. Marshall

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