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

During 2005-06, the construction sector contributed 9.2 percent to GNP and the share of fishing was:

Question # 2

Which of the following large-scale items showed a negative growth of -47.97 percent during July-March 2005-06?

Question # 3

Personal income includes:

Question # 4

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

Question # 5

If pen and ink are complements, then an increase in the price of pen will cause:

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NAT-II Economy Chapter 0 Important MCQ's

Sr.# Question Answer
1 What was the percentage in the production of cotton yarn during July-March 2005-06?
A. 11.1 percent
B. 15.2 percent
C. 17.6 percent
D. 19.2 percent
2 The economy gets prosperity during:
A. Recession
B. Boom
C. Depression
D. Recovery
3 How much amount was allocated for Prime Minister's special intiative for livestock during 2005-06 ?
A. Rs. 672 million
B. Rs. 812 million
C. Rs. 1,696 million
D. Rs. 2,400 million
4 Macro Economics was introduced by
A. Alfred Marshall
B. J.M. Keynes
C. N.W. Senior
D. J.B. Clark
5 Real GDP is equal to:
A. Nominal GDP - Inflation
B. Nominal GDP + Inflation
C. Nominal GDP / Inflation
D. Inflation / Nominal GDP
6 Marginal cost curve always intersects average cost curve at:
A. The maximum point
B. The central point
C. The minimum point
D. The vertical point
7 Who described Economies as a science of wealth:
A. Piguo
B. Adam Smith
C. Robbins
D. Marshall
8 When price falls supply:
A. Expands
B. Contracts
C. Remains zero
D. Becomes fixed
9 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
10 Which ASEAN nation had the highest growth rate of 7.5 percent in 2005-06?
A. Indonesia
B. Malaysia
C. Vietnam
D. Thailand

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