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

In 2005-06 total production of fish inland and marine in Pakistan was:

Question # 2

The real exchange rate is defined as the:

Question # 3

Macro Economics was introduced by

Question # 4

International trade has the benefits:

Question # 5

What was the production of wheat in million tones during 2005-06?

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NAT-II Economy Chapter 0 Important MCQ's

Sr.# Question Answer
1 In 2005-06 total production of fish inland and marine in Pakistan was:
A. 5,81,000 tons
B. 6,72,000 tons
C. 7,44,000 tons
D. 8,33,000 tons
2
The aggregate supply curve is the relationship between:
A.
The price level and the real domestic output purchased
B.
The price level and the real domestic output produced
C.
The price level which producers are willing to accept and the price level purchasers are willing to pay.
D.
The real domestic output purchased and the real domestic output produced.
3 To find the profit maximizing level of output, a firm finds the output level where:
A. Price equals marginal cost
B. Marginal revenue and average total cost
C. Price equals marginal revenue
D. None of the given options
4 What was the growth recorded by the manufacturing sector during 2005-06?
A. 4.2 percent
B. 5.5percent
C. 7.3percent
D. 8.6percent
5
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
6 The quality of a commodity which satisfies the human wants:
A. Usefulness
B. Loss
C. Utility
D. Return
7 The economy gets prosperity during:
A. Recession
B. Boom
C. Depression
D. Recovery
8 Which Economists presented the law of diminishing marginal utility:
A. Robbins
B. Malthus
C. Adam Smith
D. Marshall
9 "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
10 Inflation on prices:
A. Decrease
B. Remains constant
C. Increase
D. Become zero

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