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

An increase in supply is shown by:

Question # 2

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

Question # 3

Give the production of sugarcane in Pakistan in 2005-06?

Question # 4

The price elasticity of demand for any good must be less than or equal to zero unless:

Question # 5

Consumer goods are those goods which are used by a man:

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NAT-II Economy Chapter 0 Important MCQ's

Sr.# Question Answer
1
The aggregate supply curve is the relationship between:
A.
The price level and the real domestic output purchased
B.
The price level and the real domestic output produced
C.
The price level which producers are willing to accept and the price level purchasers are willing to pay.
D.
The real domestic output purchased and the real domestic output produced.
2 National income does not include:
A. Profit
B. Wages
C. Interest
D. Transfer payments
3 During a year aggregate value of produced goods and services of a country is called:
A. Per-capita income
B. Net national income
C. Personal income
D. Gross national product
4 How many methods can be used for cultivation:
A. One
B. Two
C. Three
D. Four
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 What was the number of buffaloes in 2005-06?
A. 12 million
B. 28.4 million
C. 34 million
D. 40 million
7 The elasticity of demand of durable goods is
A. More than unity
B. Equal to unity
C. Less than unity
D. Zero
8 Which group of the following showed a negative growth of -58.6 percent during 2005-06?
A. Chemicals
B. Petroleum
C. Electricals
D. Basic Metals
9 Inflation on prices:
A. Decrease
B. Remains constant
C. Increase
D. Become zero
10 According to law of diminishing marginal utility, the marginal utility:
A. Increases
B. Remains constant
C. Diminshes
D. Negative

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