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

Who is the writer of Wealth of Nation?

Question # 2

Macro Economics was introduced by

Question # 3

What was the percentage in the production of cotton yarn during July-March 2005-06?

Question # 4

The economy gets prosperity during:

Question # 5

To find the profit maximizing level of output, a firm finds the output level where:

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NAT-II Economy Chapter 0 Important MCQ's

Sr.# Question Answer
1
A monopolistically competitive firm in the long run equilibrium:
A. Will make negative profit.
B. Will make zero profit.
C. Will make positive profit
D. Any of the given are possible.
2 Phases of trade cycle are:
A. One
B. Three
C. Two
D. Four
3 The methods of measuring elasticity of supply are:
A. Three
B. Two
C. Four
D. Five
4 The elasticity of demand of durable goods is
A. More than unity
B. Equal to unity
C. Less than unity
D. Zero
5 Which of the following economists came up with a theory regarding the tradeoff between unemployment and inflation?
A. A.W. Phillips
B. John Maynard Keynes
C. Joseph Schumpeter
D. Milton Friedman
6 In inflation prices:
A. Increase
B. Do not change
C. Decrease
D. Become zero
7 The share of the automobile group in manufacturing group in 2005-06 was:
A. 20.2 percent
B. 29.7 percent
C. 14.4 percent
D. 16.8 percent
8 The share of agriculture in the national economy in 2005-06, was:
A. 21.6percent
B. 16.2percent
C. 12.8percent`
D. 13.4percent
9 Reward the labour is:
A. Interest
B. Wages
C. Profit
D. Rent
10 What is deducted from GNP to find GDP:
A. Depreciation allowance
B. Net income received from abroad
C. Indirect as
D. Transfer payments

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