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

The economy gets prosperity during:

Question # 2

The Diamer Bhasha Dam will be completed in :

Question # 3

The total cost (TC) function is given as: TC = 200 + 5Q. What is the fixed cost?

Question # 4

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

Question # 5

During a year aggregate value of produced goods and services of a country is called:

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NAT-II Economy Chapter 0 Important MCQ's

Sr.# Question Answer
1 Reward for capital is called:
A. Rent
B. Interest
C. Wages
D. Profit
2 If pen and ink are complements, then an increase in the price of pen will cause:
A. An increase in the price of ink
B. Less ink to the demanded at each price
C. A decrease in the demand for pen
D. A rightward shift in the demand curve for ink
3 The methods of measuring elasticity of supply are:
A. Three
B. Two
C. Four
D. Five
4 The supply of land is:
A. Infinity
B. Fixed
C. Variable
D. Zero
5 Which of the following large-scale items showed a negative growth of -47.97 percent during July-March 2005-06?
A. Sugar
B. Vegetable Ghee
C. Billets
D. Cement
6 Inflation will be useful for:
A. Labourers
B. Industrialist
C. Consumers
D. Pensioners
7 When national income is increases:
A. Standard of living increases
B. Standard of living decreases
C. Remains same
D. Bad thing
8 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
9 A nation's balance of payments can be affected by changes in:
A. Foreign income
B. The differential between domestic and foreign interst rates
C. The real exchange rate
D. All of the given options
10 Marginal cost curve always intersects average cost curve at:
A. The maximum point
B. The central point
C. The minimum point
D. The vertical point

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