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

In 2005-06 which country had the highest growth rate among the following?

Question # 2

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

Question # 3

In inflation prices:

Question # 4

Reward for capital is called:

Question # 5

According to law of increasing return, marginal product:

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NAT-II Economy Chapter 0 Important MCQ's

Sr.# Question Answer
1 Phases of trade cycle are:
A. One
B. Three
C. Two
D. Four
2 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
3 Inflation on prices:
A. Decrease
B. Remains constant
C. Increase
D. Become zero
4 What is deducted from GNP to find GDP:
A. Depreciation allowance
B. Net income received from abroad
C. Indirect as
D. Transfer payments
5 The shape of AR and MR under perfect competition is:
A. Vertical
B. U-shape
C. Horizontal to ox-axis
D. None of these
6 Which group of the following showed a negative growth of -58.6 percent during 2005-06?
A. Chemicals
B. Petroleum
C. Electricals
D. Basic Metals
7 It is a Federal Tax:
A. Excise duty
B. Local Tax
C. Property Tax
D. None
8 Which of the following event will lead towards cost-push inflation and therefore stagflation?
A. An increase in taxes on individuals
B. A decrease in real interest rates
C. A union settlement that increases wage levels
D. An increase in government purchases
9 Which of the following will be TRUE if real income rose and the interest rate fell following an increase in government purchases?
A. IS curve must be vertical
B. LM curve must be vertical
C. Central Bank must have increased the money supply at the same time
D. Central Bank must have decreased the money supply at the same time
10 What was the share of livestock to the GNP during 2005-06?
A. 4.7percent
B. 6.5percent
C. 3.5percent
D. 8.0percent

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