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

If we compare Gross Domestic Product (GDP) with Gross National
1. Product (GNP) then:

Question # 2

What was the production of cotton in 2005-06?

Question # 3

The price elasticity of demand measures the responsiveness of quantity demanded to:

Question # 4

"Government collects zero revenue if the tax rate is 0% and if the tax rate is 100%." Which of the following best describes this statement?

Question # 5

Who presented the quantity theory of money:

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NAT-II Economy Chapter 0 Important MCQ's

Sr.# Question Answer
1 The long run aggregate supply curve will shift to the right if:
A. The price level increases.
B. Factors of production (such as labor and capital) increase
C. Expenditures (such as consumption and net exports) increase.
D. The prices of inputs used to produce goods and services (such as wages and the price of oil)descreases
2 How many methods can be used for cultivation:
A. One
B. Two
C. Three
D. Four
3
The market structure in which strategic considerations are most important is:
A. Monopolistic competition.
B. Oligopoly.
C. Pure competition.
D. Pure monopoly.
4 Consumer goods are those goods which are used by a man:
A. Directly
B. Off and On
C. Indirectly
D. Never
5 Which economist presented the Cardinal Theory of Utility:
A. Marshall
B. Canon
C. Kroose
D. J.B. Say
6 The supply of perishable goods is:
A. Fixed
B. Variable
C. Minor change
D. Zero
7 Ushr implies on:
A. Agricultural product
B. Industrial product
C. Agricultural & industrial product
D. None of these
8 Reward the labour is:
A. Interest
B. Wages
C. Profit
D. Rent
9 Phases of trade cycle are:
A. One
B. Three
C. Two
D. Four
10 Who is the writer of Wealth of Nation?
A. Marshall
B. Adam Smith
C. Robbins
D. Keynes

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