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 deducted from GNP to find GDP:

Question # 2

For a study of the long term growth of the economy, we use:

Question # 3

In 2005-06, the crop area of cotton was 3,096 thousand hectares and the crop area of rice was:

Question # 4

In inflation prices:

Question # 5

Price floor results in:

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NAT-II Economy Chapter 0 Important MCQ's

Sr.# Question Answer
1 Who is responsible for profit and loss in the business:
A. Capitalist
B. Entrepreneur
C. Labour
D. Middleman
2 What was the number of buffaloes in 2005-06?
A. 12 million
B. 28.4 million
C. 34 million
D. 40 million
3 Due to devaluation exports become:
A. Smaller
B. Larger
C. Cheaper
D. Expensive
4 Phases of trade cycle are:
A. One
B. Three
C. Two
D. Four
5 According to law of diminishing marginal utility, the marginal utility:
A. Increases
B. Remains constant
C. Diminshes
D. Negative
6 In inflation prices:
A. Increase
B. Do not change
C. Decrease
D. Become zero
7 The Kachhi Canal water project shall be completed in:
A. September 2008
B. June 2008
C. April 2009
D. December 2008
8 Mairani Dam is being built in Balochistan Gomal Zam Dam in NWFP and Diamer Bhasha Dam in the region of:
A. Punjab
B. Northern Areas
C. NWFP
D. Sindh
9 In the FY 2005-06 the GDP growth rate of Euro area was 1.3 percent, the developing nations 8.6 percent and the world was:
A. 3.5 percent
B. 4.8 percent
C. 4.5 percent
D. 5.5 percent
10 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

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