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

A tax on the accounting profits of corporations is known as:

Question # 2

Given the amount of gross fixed investment percentage of GDP during 2005-06.

Question # 3

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

Question # 4

The long run aggregate supply curve will shift to the right if:

Question # 5

During 2005-06 maize was grown on an area of 982 thousand hectares and its production was:

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NAT-II Economy Chapter 0 Important MCQ's

Sr.# Question Answer
1 The quality of a commodity which satisfies the human wants:
A. Usefulness
B. Loss
C. Utility
D. Return
2 The interest rate parity is the basic identity that relates which of the following?
A. Interest rates and exchange rates
B. Interest rates and inflation rate
C. Exchange rates and inflation rate
D. Discount rate and inflation rate
3 In 2005-06, the crop area of cotton was 3,096 thousand hectares and the crop area of rice was:
A. 2,620
B. 982
C. 8,303
D. 4,702
4 In inflation prices:
A. Increase
B. Do not change
C. Decrease
D. Become zero
5 When price falls supply:
A. Expands
B. Contracts
C. Remains zero
D. Becomes fixed
6 Rent of building is included in:
A. Fixed cost
B. Variable cost
C. Marginal cost
D. Selling cost
7 If we compare Gross Domestic Product (GDP) with Gross National
1. Product (GNP) then:
A. GNP = GDP - Net income from abroad
B. GNP = GDP + Net income from abroad
C. GNP = NNP - Net income from abroad
D. GNP = NNP + Net income from abroad
8 During 2005-06, the construction sector contributed 9.2 percent to GNP and the share of fishing was:
A. 9.2percent
B. 4.4percent
C. 1.9percent
D. -3.6percent
9 In inflation prices:
A. Increase
B. Do not change
C. Decrease
D. Become zero
10 If pen and ink are complements, then an increase in the price of pen will cause:
A. An increase in the price of ink
B. Less ink to the demanded at each price
C. A decrease in the demand for pen
D. A rightward shift in the demand curve for ink

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