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

What was the production of rice in million tons in 2005-06?

Question # 2

What was the share of livestock to the GNP during 2005-06?

Question # 3

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

Question # 4

The GDP growth rate of agriculture sector in 2005-06 was:

Question # 5

The aggregate supply curve is the relationship between:

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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 Consumer goods are those goods which are used by a man:
A. Directly
B. Off and On
C. Indirectly
D. Never
3 The economy gets maximum prosperity during:
A. Recession
B. Recovery
C. Boom
D. Depression
4 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
5
A monopolistically competitive firm in the long run equilibrium:
A. Will make negative profit.
B. Will make zero profit.
C. Will make positive profit
D. Any of the given are possible.
6 For knowing the spending capacity of the household sector, we have to use the concept of:
A. National income
B. Personal income
C. Private income
D. Personal disposable income
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 economy gets prosperity during:
A. Recession
B. Boom
C. Depression
D. Recovery
10 According to law of diminishing marginal utility, the marginal utility:
A. Increases
B. Remains constant
C. Diminshes
D. Negative

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