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 market is said to be in equilibrium when:

Question # 2

National income does not include:

Question # 3

What is the interest rate effect that explains why the aggregate demand curve slopes downward?

Question # 4

How much amount was allocated for Prime Minister's special intiative for livestock during 2005-06 ?

Question # 5

The real exchange rate is defined as the:

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NAT-II Economy Chapter 0 Important MCQ's

Sr.# Question Answer
1 What is the interest rate effect that explains why the aggregate demand curve slopes downward?
A. It refers to the effect of changes in the price level on quantity of investment demanded which in turn affects interest rates
B.
It refers to the effect of interest rates on borrowing which in turn affects consumption spending.
C. It refers to the effect of changes in the price level on interest rates which in turn affects the quantity of investment demanded
D. It refers to the shifts in aggregate demand when interest rates change
2 What was the difficulty in the barter System:
A. Excess of goods
B. Difference language
C. Lack of co-incidence
D. Difference in profession
3
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.
4 The quality of a commodity which satisfies the human wants:
A. Usefulness
B. Loss
C. Utility
D. Return
5 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
6 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
7 The quality of a good which satisfies a human want is called as:
A. Service
B. Cost
C. Utility
D. None
8 In 2005-06, the crop area of sugarcane in thousand hectares was:
A. 540
B. 642
C. 756
D. 907
9 What was the share of the major crops of value added in agriculture in 2005-06?
A. 24.2percent
B. 35.2percent
C. 39.1percent
D. 45percent
10 The real exchange rate is defined as the:
A. Market exchange rate adjusted for prices
B. Market exchange rate adjusted for interest rates
C. Market exchange rate
D. Exchange rate determined by the government

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