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

Welfare economics is the branch of economics which deals with:

Question # 2

As compared to existing firms, a new firm entering in monopolist market has:

Question # 3

What was the contribution of the services sector to the GNP in FY 2005-06.

Question # 4

The production of gram in 2005-06, in thousand tons was:

Question # 5

Which economist presented the Cardinal Theory of Utility:

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NAT-II Economy Chapter 0 Important MCQ's

Sr.# Question Answer
1 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
2 The economy gets maximum prosperity during:
A. Recession
B. Recovery
C. Boom
D. Depression
3 In 2005-06 the share of chemicals was 9.08 percent and the share of electricals was:
A. 4.6 percent
B. 8.2 percent
C. 11.78 percent
D. 16.3 percent
4 Who criticized Prof. Robbin's definition?
A. Marshall, J.B
B. Beveridge
C. Clark
D. Pigeou
5 The methods of measuring elasticity of supply are:
A. Three
B. Two
C. Four
D. Five
6 In February 2006, the Avian Influenza was reported by poultry farm in:
A. Hyderabad
B. Karachi
C. Multan
D. Charsadda
7 The elasticity of demand of durable goods is
A. More than unity
B. Equal to unity
C. Less than unity
D. Zero
8 Who wrote "The Nature and Significance of Economics":
A. Adam Smith
B. Marshall
C. Robbins
D. Keynes
9 What was the production of cotton in 2005-06?
A. 12.4million bales
B. 16.2 millionbales
C. 18.8 million bales
D. 24.1 million bales
10 What remains after deduction of direct taxes lions the personal income:
A. NNI
B. DPI
C. NDI
D. GNP

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