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

The GDP growth rate of agriculture sector in 2005-06 was:

Question # 2

The real exchange rate is defined as the:

Question # 3

Which ASEAN nation had the highest growth rate of 7.5 percent in 2005-06?

Question # 4

Double counting in national income refers to:

Question # 5

In 2005-06, the percentage of total investment to GDP was:

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NAT-II Economy Chapter 0 Important MCQ's

Sr.# Question Answer
1
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
2
In monopoly, which of the following is NOT true?
A. Products are differentiated
B.
There is freedom of entry and exit into the industry in the long run
C. The firm is a price maker
D. There is one main seller
3 What was the number of buffaloes in 2005-06?
A. 12 million
B. 28.4 million
C. 34 million
D. 40 million
4 The methods of measuring elasticity of supply are:
A. Three
B. Two
C. Four
D. Five
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 What was the production of cotton in 2005-06?
A. 12.4million bales
B. 16.2 millionbales
C. 18.8 million bales
D. 24.1 million bales
7 The growth rate of Sri-lanka in 2005-06?
A. 4.4 percent
B. 5.9 percent
C. 1.8 percent
D. 7.5 percent
8 Who presented the quantity theory of money:
A. Marshall
B. Robbins
C. Taussig
D. Keynes
9 Price floor results in:
A. All of the given options
B. Excess supply.
C. Equilibrium
D. Excess demand
10 According to law of increasing return, marginal product:
A. Increases
B. Decreases
C. Remains constant
D. None of these

Test Questions