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

Phases of trade cycle are:

Question # 2

Who is the writer of Wealth of Nation?

Question # 3

The interest rate parity is the basic identity that relates which of the following?

Question # 4

Which of the following will be TRUE if real income rose and the interest rate fell following an increase in government purchases?

Question # 5

Reward the labour is:

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NAT-II Economy Chapter 0 Important MCQ's

Sr.# Question Answer
1
The market structure in which strategic considerations are most important is:
A. Monopolistic competition.
B. Oligopoly.
C. Pure competition.
D. Pure monopoly.
2 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
3 As compared to existing firms, a new firm entering in monopolist market has:
A. High costs
B. Low costs
C. Equal costs
D. None of the given options
4 Which of the following is TRUE for a Giffen good?
A. Its marginal utility is zero
B. Its demand curve is perfectly elastic
C. Its substitution effect is positive
D. Its demand curve is positively sloped
5 In 2005-06, the percentage of total investment to GDP was:
A. 8 percent
B. 10percent
C. 15percent
D. 20percent
6 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
7 In inflation prices:
A. Increase
B. Do not change
C. Decrease
D. Become zero
8 Average revenue is equal to:
A. Price
B. Total revenue
C. Marginal revenue
D. Average cost
9 What was the difficulty in the barter System:
A. Excess of goods
B. Difference language
C. Lack of co-incidence
D. Difference in profession
10 When price falls supply:
A. Expands
B. Contracts
C. Remains zero
D. Becomes fixed

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