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

00:00
Question # 1

According to law of diminishing marginal utility, the marginal utility:

Question # 2

The GDP growth rate of agriculture sector in 2005-06 was:

Question # 3

What was the share of livestock to the GNP during 2005-06?

Question # 4

Marginal cost curve always intersects average cost curve at:

Question # 5

An increase in supply is shown by:

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NAT-II Economy Chapter 0 Important MCQ's

Sr.# Question Answer
1 Price floor results in:
A. All of the given options
B. Excess supply.
C. Equilibrium
D. Excess demand
2 Name the water project to be completed in April 2009:
A. Gomal Zam Dam
B. Rainee Canal
C. Kachhi Canal
D. Mirani Dam
3 Income elasticity show the relationship between:
A. Income and demand
B. Income and consumption
C. Income and price
D. Income and saving
4 What remains after deduction of direct taxes lions the personal income:
A. NNI
B. DPI
C. NDI
D. GNP
5 Who is responsible for profit and loss in the business:
A. Capitalist
B. Entrepreneur
C. Labour
D. Middleman
6 Canons of taxation describes:
A. Marshall
B. Keynes
C. Robbins
D. Adam Smith
7 The methods of measuring elasticity of supply are:
A. Three
B. Two
C. Four
D. Five
8 A market is said to be in equilibrium when:
A. Demand equals output
B. There is downward pressure on price
C. The amount consumers wish to buy at the current price equals the amount producers wish to sell at that price
D. All buyers are able to find sellers willing to sell to them at the current price
9 Marginal cost curve always intersects average cost curve at:
A. The maximum point
B. The central point
C. The minimum point
D. The vertical point
10 Who presented the quantity theory of money:
A. Marshall
B. Robbins
C. Taussig
D. Keynes

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