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

Average revenue is equal to:

Question # 2

Reward for capital is called:

Question # 3

In 2005-06, bajra was grown on 438 thousand hectares and its production in thousand tons was:

Question # 4

What was the production of cotton in 2005-06?

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 Which economist presented the Cardinal Theory of Utility:
A. Marshall
B. Canon
C. Kroose
D. J.B. Say
2 In 2005-06, the crop area of sugarcane in thousand hectares was:
A. 540
B. 642
C. 756
D. 907
3 A good for which income and quantity demanded are inversely related is known as:
A. Inferior good
B. Complementary good
C. Normal good
D. None of the given options
4 The methods of measuring elasticity of supply are:
A. Three
B. Two
C. Four
D. Five
5 Inflation on prices:
A. Decrease
B. Remains constant
C. Increase
D. Become zero
6 Real GDP is equal to:
A. Nominal GDP - Inflation
B. Nominal GDP + Inflation
C. Nominal GDP / Inflation
D. Inflation / Nominal GDP
7 Income elasticity show the relationship between:
A. Income and demand
B. Income and consumption
C. Income and price
D. Income and saving
8 In February 2006, the Avian Influenza was reported by poultry farm in:
A. Hyderabad
B. Karachi
C. Multan
D. Charsadda
9 In inflation prices:
A. Increase
B. Do not change
C. Decrease
D. Become zero
10 The quality of a good which satisfies a human want is called as:
A. Service
B. Cost
C. Utility
D. None

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