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

Which of the following economists came up with a theory regarding the tradeoff between unemployment and inflation?

Question # 2

The supply of land is:

Question # 3

The methods of measuring elasticity of supply are:

Question # 4

In the short run, the equilibrium price level and the equilibrium level of total output are determined by the intersection of:

Question # 5

Real GDP is equal to:

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NAT-II Economy Chapter 0 Important MCQ's

Sr.# Question Answer
1 In 2005-06, the percentage of total investment to GDP was:
A. 8 percent
B. 10percent
C. 15percent
D. 20percent
2 In inflation prices:
A. Increase
B. Do not change
C. Decrease
D. Become zero
3 The methods of measuring elasticity of supply are:
A. Three
B. Two
C. Four
D. Five
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
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.
6 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
7 Price floor results in:
A. All of the given options
B. Excess supply.
C. Equilibrium
D. Excess demand
8 Which of the following large-scale items showed a negative growth of -47.97 percent during July-March 2005-06?
A. Sugar
B. Vegetable Ghee
C. Billets
D. Cement
9 What remains after deduction of direct taxes lions the personal income:
A. NNI
B. DPI
C. NDI
D. GNP
10 Give the share of commodity producing the sector in the GNP in 2005-06?
A. 2.5 percent
B. 4.3percent
C. 3.8percent
D. 7.2percent

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