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

In 2005-06, bajra was grown on 438 thousand hectares and its production in thousand tons was:

Question # 2

During a year aggregate value of produced goods and services of a country is called:

Question # 3

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

Question # 4

Which sector contributed to 22 percent to GDP in Pakistan in 2005-06?

Question # 5

It is a Federal Tax:

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NAT-II Economy Chapter 0 Important MCQ's

Sr.# Question Answer
1 Who wrote "The Nature and Significance of Economics":
A. Adam Smith
B. Marshall
C. Robbins
D. Keynes
2 What was the percentage in the production of cotton yarn during July-March 2005-06?
A. 11.1 percent
B. 15.2 percent
C. 17.6 percent
D. 19.2 percent
3 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
4
A monopolistically competitive firm in short run equilibrium:
A.
Will make negative profit (lose money).
B. Will make zero profit (break-even)
C. Will make positive profit
D. Any of the given are possible.
5 National income does not include:
A. Profit
B. Wages
C. Interest
D. Transfer payments
6 A good for which income and quantity demanded are inversely related is known as:
A. Inferior good
B. Complementary good
C. Normal good
D. None of the given options
7 What was the share of livestock to the GNP during 2005-06?
A. 4.7percent
B. 6.5percent
C. 3.5percent
D. 8.0percent
8 During 2005-06 maize was grown on an area of 982 thousand hectares and its production was:
A. 3.5 million tones
B. 4.2 million tones
C. 5.2 million tones
D. 6.7 million tones
9 Due to devaluation exports become:
A. Smaller
B. Larger
C. Cheaper
D. Expensive
10 Which economist presented the Cardinal Theory of Utility:
A. Marshall
B. Canon
C. Kroose
D. J.B. Say

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