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

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

Question # 2

Reward the labour is:

Question # 3

Rent of building is included in:

Question # 4

Which of the following economists came up with a theory regarding the tradeoff between unemployment and inflation?

Question # 5

What was the difficulty in the barter System:

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NAT-II Economy Chapter 0 Important MCQ's

Sr.# Question Answer
1 To find the profit maximizing level of output, a firm finds the output level where:
A. Price equals marginal cost
B. Marginal revenue and average total cost
C. Price equals marginal revenue
D. None of the given options
2 The economy gets maximum prosperity during:
A. Recession
B. Recovery
C. Boom
D. Depression
3 For a study of the long term growth of the economy, we use:
A. Real GNP
B. Nominal GNP
C. Personal income
D. Disposable personal income
4 In 2005-06 which country had the highest growth rate among the following?
A. Egypt
B. Singapore
C. Kuwait
D. Nigeria
5 The GDP growth rate of agriculture sector in 2005-06 was:
A. 2.5 percent
B. 4.3 percent
C. 1.6 percent
D. 9.3 percent
6 A firm is charging a different price for each unit purchased by a consumer.This is called:
A. First-degree price discrimination
B. Second-degree price discrimination
C. Third-degree price discrimination
D. None of the given options
7 The price elasticity of demand measures the responsiveness of quantity demanded to:
A. Quantity demanded
B. Quantity supplied
C. Price
D. Output
8 When price falls supply:
A. Expands
B. Contracts
C. Remains zero
D. Becomes fixed
9 The share of agriculture in the national economy in 2005-06, was:
A. 21.6percent
B. 16.2percent
C. 12.8percent`
D. 13.4percent
10 Ushr implies on:
A. Agricultural product
B. Industrial product
C. Agricultural & industrial product
D. None of these

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