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

Price floor results in:

Question # 2

The share of the automobile group in manufacturing group in 2005-06 was:

Question # 3

In 2005-06, the percentage of total investment to GDP was:

Question # 4

Give the share of commodity producing the sector in the GNP in 2005-06?

Question # 5

In monopoly, which of the following is NOT true?

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NAT-II Economy Chapter 0 Important MCQ's

Sr.# Question Answer
1 What was the number of buffaloes in 2005-06?
A. 12 million
B. 28.4 million
C. 34 million
D. 40 million
2 Inflation will be useful for:
A. Labourers
B. Industrialist
C. Consumers
D. Pensioners
3 In inflation prices:
A. Increase
B. Do not change
C. Decrease
D. Become zero
4 The production of gram in 2005-06, in thousand tons was:
A. 450
B. 500
C. 527
D. 750
5 Welfare economics is the branch of economics which deals with:
A. Positive issues
B. Normative issues
C. Micro issues
D. Macro issues
6 Income elasticity show the relationship between:
A. Income and demand
B. Income and consumption
C. Income and price
D. Income and saving
7 As compared to existing firms, a new firm entering in monopolist market has:
A. High costs
B. Low costs
C. Equal costs
D. None of the given options
8 Which sector contributed to 22 percent to GDP in Pakistan in 2005-06?
A. Services
B. Transport
C. Mining
D. Agriculture
9 Who is responsible for profit and loss in the business:
A. Capitalist
B. Entrepreneur
C. Labour
D. Middleman
10 Consumer goods are those goods which are used by a man:
A. Directly
B. Off and On
C. Indirectly
D. Never

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