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

What was the difficulty in the barter System:

Question # 2

If money supply is fixed by the central bank then in interest rate money supply space, money supply curve will be:

Question # 3

The interest rate parity is the basic identity that relates which of the following?

Question # 4

A monopolistically competitive firm in the long run equilibrium:

Question # 5

For a firm buying labor competitively, the marginal input cost is equal to the:

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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 Personal income includes:
A. Direct taxes
B. Indirect taxes
C. Undivided profit
D. Both 2nd and 3rd
3
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.
4 If money supply is fixed by the central bank then in interest rate money supply space, money supply curve will be:
A. Horizontal
B. Vertical
C. Negatively sloped
D. Positively sloped
5 The price elasticity of demand measures the responsiveness of quantity demanded to:
A. Quantity demanded
B. Quantity supplied
C. Price
D. Output
6 Which Economists presented the law of diminishing marginal utility:
A. Robbins
B. Malthus
C. Adam Smith
D. Marshall
7 The share of agriculture in the national economy in 2005-06, was:
A. 21.6percent
B. 16.2percent
C. 12.8percent`
D. 13.4percent
8 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
9 Which group of the following showed a negative growth of -58.6 percent during 2005-06?
A. Chemicals
B. Petroleum
C. Electricals
D. Basic Metals
10 When price falls supply:
A. Expands
B. Contracts
C. Remains zero
D. Becomes fixed

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