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 economist presented the Cardinal Theory of Utility:

Question # 2

The market structure in which strategic considerations are most important is:

Question # 3

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

Question # 4

The shape of AR and MR under perfect competition is:

Question # 5

The interest rate parity is the basic identity that relates which of the following?

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NAT-II Economy Chapter 0 Important MCQ's

Sr.# Question Answer
1 To find the profit maximizing level of output, a firm finds the output level where:
A. Price equals marginal cost
B. Marginal revenue and average total cost
C. Price equals marginal revenue
D. None of the given options
2 What was the number of buffaloes in 2005-06?
A. 12 million
B. 28.4 million
C. 34 million
D. 40 million
3 The GDP growth rate of agriculture sector in 2005-06 was:
A. 2.5 percent
B. 4.3 percent
C. 1.6 percent
D. 9.3 percent
4 The Kachhi Canal water project shall be completed in:
A. September 2008
B. June 2008
C. April 2009
D. December 2008
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 elasticity of demand of durable goods is
A. More than unity
B. Equal to unity
C. Less than unity
D. Zero
7 The economy gets maximum prosperity during:
A. Recession
B. Recovery
C. Boom
D. Depression
8 What is deducted from GNP to find GDP:
A. Depreciation allowance
B. Net income received from abroad
C. Indirect as
D. Transfer payments
9 Inflation on prices:
A. Decrease
B. Remains constant
C. Increase
D. Become zero
10 Which of the following large-scale items showed a negative growth of -47.97 percent during July-March 2005-06?
A. Sugar
B. Vegetable Ghee
C. Billets
D. Cement

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