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 is the interest rate effect that explains why the aggregate demand curve slopes downward?

Question # 2

Rent of building is included in:

Question # 3

A firm is charging a different price for each unit purchased by a consumer.This is called:

Question # 4

If we compare Gross Domestic Product (GDP) with Gross National
1. Product (GNP) then:

Question # 5

In monopoly, which of the following is NOT true?

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NAT-II Economy Chapter 0 Important MCQ's

Sr.# Question Answer
1 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
2 Who is the writer of Wealth of Nation?
A. Marshall
B. Adam Smith
C. Robbins
D. Keynes
3 The quality of a commodity which satisfies the human wants:
A. Usefulness
B. Loss
C. Utility
D. Return
4 "Government collects zero revenue if the tax rate is 0% and if the tax rate is 100%." Which of the following best describes this statement?
A. Consumption curve
B. Supply curve
C. Laffer curve
D. Investment curve
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 Due to devaluation exports become:
A. Smaller
B. Larger
C. Cheaper
D. Expensive
7 Name the water project to be completed in April 2009:
A. Gomal Zam Dam
B. Rainee Canal
C. Kachhi Canal
D. Mirani Dam
8 What was the contribution of the services sector to the GNP in FY 2005-06.
A. 9.2 percent
B. 3.5 percent
C. 8.8 percent
D. 4.7 percent
9 How many methods can be used for cultivation:
A. One
B. Two
C. Three
D. Four
10 Price floor results in:
A. All of the given options
B. Excess supply.
C. Equilibrium
D. Excess demand

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