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

The Kachhi Canal water project shall be completed in:

Question # 2

Consumer goods are those goods which are used by a man:

Question # 3

What is deducted from GNP to find GDP:

Question # 4

The share of the automobile group in manufacturing group in 2005-06 was:

Question # 5

The long run aggregate supply curve will shift to the right if:

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NAT-II Economy Chapter 0 Important MCQ's

Sr.# Question Answer
1 According to law of diminishing marginal utility, the marginal utility:
A. Increases
B. Remains constant
C. Diminshes
D. Negative
2 Who wrote "The Nature and Significance of Economics":
A. Adam Smith
B. Marshall
C. Robbins
D. Keynes
3 The other name of law of diminishing return is:
A. Law of supply
B. Law of diminishing marginal utility
C. Law of demand
D. Law of increasing cost
4 The real exchange rate is defined as the:
A. Market exchange rate adjusted for prices
B. Market exchange rate adjusted for interest rates
C. Market exchange rate
D. Exchange rate determined by the government
5 What is deducted from GNP to find GDP:
A. Depreciation allowance
B. Net income received from abroad
C. Indirect as
D. Transfer payments
6 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
7 Inflation on prices:
A. Decrease
B. Remains constant
C. Increase
D. Become zero
8 The quality of a commodity which satisfies the human wants:
A. Usefulness
B. Loss
C. Utility
D. Return
9 Phases of trade cycle are:
A. One
B. Three
C. Two
D. Four
10 What was the percentage in the production of cotton yarn during July-March 2005-06?
A. 11.1 percent
B. 15.2 percent
C. 17.6 percent
D. 19.2 percent

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