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

During 2005-06, the construction sector contributed 9.2 percent to GNP and the share of fishing was:

Question # 3

Real GDP is equal to:

Question # 4

The market structure in which strategic considerations are most important is:

Question # 5

How many methods can be used for cultivation:

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NAT-II Economy Chapter 0 Important MCQ's

Sr.# Question Answer
1 In February 2006, the Avian Influenza was reported by poultry farm in:
A. Hyderabad
B. Karachi
C. Multan
D. Charsadda
2 Reward the labour is:
A. Interest
B. Wages
C. Profit
D. Rent
3 Given the amount of gross fixed investment percentage of GDP during 2005-06.
A. 14.2 percent
B. 18.4 percent
C. 25.0 percent
D. 26.6 percent
4 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
5
Under the kinked demand curve model, an increase in marginal cost will lead to:
A.
An increase in output level and a decrease in price.
B.
A decrease in output level and an increase in price.
C.
A decrease in output level and no change in price.
D.
Neither a change in output level our a change in price.
6 Who described Economies as a science of wealth:
A. Piguo
B. Adam Smith
C. Robbins
D. Marshall
7 When national income is increases:
A. Standard of living increases
B. Standard of living decreases
C. Remains same
D. Bad thing
8
In monopoly, which of the following is NOT true?
A. Products are differentiated
B.
There is freedom of entry and exit into the industry in the long run
C. The firm is a price maker
D. There is one main seller
9 The total cost (TC) function is given as: TC = 200 + 5Q. What is the fixed cost?
A. 5Q
B. 5
C. 5 + (200/Q)
D. 200
10 The price elasticity of demand for any good must be less than or equal to zero unless:
A. The good is a necessity.
B. The good is a luxury.
C. The good is a Ciffen good.
D. None of the given options.

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