NAT II Management Science Economy

MCQ's Test For NAT II Management Science Economy

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NAT II Management Science Economy

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Question # 1

For knowing the spending capacity of the household sector, we have to use the concept of:

Question # 2

What was the growth recorded by the manufacturing sector during 2005-06?

Question # 3

Name the water project to be completed in April 2009:

Question # 4

In 2005-06 total production of fish inland and marine in Pakistan was:

Question # 5

A firm is charging a different price for each unit purchased by a consumer.This is called:

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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 Which of the following is true about supply curve under monopoly?
A. It is same as the competitive market supply curve
B. It is the portion of marginal cost curve where marginal costs exceed the minimum value of average variable costs
C. It is the result of market power and production costs
D. None of the given statements is true
3 Reward for capital is called:
A. Rent
B. Interest
C. Wages
D. Profit
4 In 2005-06 the share of chemicals was 9.08 percent and the share of electricals was:
A. 4.6 percent
B. 8.2 percent
C. 11.78 percent
D. 16.3 percent
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 Who is the writer of Wealth of Nation?
A. Marshall
B. Adam Smith
C. Robbins
D. Keynes
7 In 2005-06 total production of fish inland and marine in Pakistan was:
A. 5,81,000 tons
B. 6,72,000 tons
C. 7,44,000 tons
D. 8,33,000 tons
8
For a firm buying labor competitively, the marginal input cost is equal to the:
A. Wage
B. Interest rate
C. Price of output
D. Cost of raw materials
9 Average revenue is equal to:
A. Price
B. Total revenue
C. Marginal revenue
D. Average cost
10 The economy gets maximum prosperity during:
A. Recession
B. Recovery
C. Boom
D. Depression

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