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 the share of chemicals was 9.08 percent and the share of electricals was:

Question # 2

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

Question # 3

Who presented the quantity theory of money:

Question # 4

Which Economists presented the law of diminishing marginal utility:

Question # 5

Who criticized Prof. Robbin's definition?

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NAT-II Economy Chapter 0 Important MCQ's

Sr.# Question Answer
1 The methods of measuring elasticity of supply are:
A. Three
B. Two
C. Four
D. Five
2 Average revenue is equal to:
A. Price
B. Total revenue
C. Marginal revenue
D. Average cost
3 Who criticized Prof. Robbin's definition?
A. Marshall, J.B
B. Beveridge
C. Clark
D. Pigeou
4 The total cost (TC) function is given as: TC = 200 + 5Q. What is the fixed cost?
A. 5Q
B. 5
C. 5 + (200/Q)
D. 200
5 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
6 In the short run, the equilibrium price level and the equilibrium level of total output are determined by the intersection of:
A. The aggregate demand, the short-run aggregate supply and the long-run aggregate supply curves
B. The short-run aggregate supply and the long-run aggregate supply curves
C. The aggregate demand and the short-run aggregate supply curves
D. The aggregate demand and the long-run aggregate supply curves
7 In 2005-06, the crop area of sugarcane in thousand hectares was:
A. 540
B. 642
C. 756
D. 907
8 Canons of taxation describes:
A. Marshall
B. Keynes
C. Robbins
D. Adam Smith
9 Mairani Dam is being built in Balochistan Gomal Zam Dam in NWFP and Diamer Bhasha Dam in the region of:
A. Punjab
B. Northern Areas
C. NWFP
D. Sindh
10 What was the production of rice in million tons in 2005-06?
A. 4.4
B. 5.5
C. 6.6
D. 7.7

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