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

The supply of perishable goods is:

Question # 2

For a study of the long term growth of the economy, we use:

Question # 3

If money supply is fixed by the central bank then in interest rate money supply space, money supply curve will be:

Question # 4

A good for which income and quantity demanded are inversely related is known as:

Question # 5

When price falls supply:

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NAT-II Economy Chapter 0 Important MCQ's

Sr.# Question Answer
1 Phases of trade cycle are:
A. One
B. Three
C. Two
D. Four
2 Which sector contributed to 22 percent to GDP in Pakistan in 2005-06?
A. Services
B. Transport
C. Mining
D. Agriculture
3 According to law of diminishing marginal utility, the marginal utility:
A. Increases
B. Remains constant
C. Diminshes
D. Negative
4 The economy gets prosperity during:
A. Recession
B. Boom
C. Depression
D. Recovery
5 Who described Economies as a science of wealth:
A. Piguo
B. Adam Smith
C. Robbins
D. Marshall
6 Consumer goods are those goods which are used by a man:
A. Directly
B. Off and On
C. Indirectly
D. Never
7 Who wrote "The Nature and Significance of Economics":
A. Adam Smith
B. Marshall
C. Robbins
D. Keynes
8 In 2005-06, the percentage of total investment to GDP was:
A. 8 percent
B. 10percent
C. 15percent
D. 20percent
9 In the FY 2005-06 the GDP growth rate of Euro area was 1.3 percent, the developing nations 8.6 percent and the world was:
A. 3.5 percent
B. 4.8 percent
C. 4.5 percent
D. 5.5 percent
10 What was the contribution of the services sector to the GNP in FY 2005-06.
A. 9.2 percent
B. 3.5 percent
C. 8.8 percent
D. 4.7 percent

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