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

Who is responsible for profit and loss in the business:

Question # 2

A monopolistically competitive firm in the long run equilibrium:

Question # 3

According to law of diminishing marginal utility, the marginal utility:

Question # 4

For a study of the long term growth of the economy, we use:

Question # 5

As more of a good is consumed, then total utility typically:

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NAT-II Economy Chapter 0 Important MCQ's

Sr.# Question Answer
1 Who presented the quantity theory of money:
A. Marshall
B. Robbins
C. Taussig
D. Keynes
2 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
3 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
4 An increase in supply is shown by:
A. Shifting the supply curve to the left
B. Shifting the supply curve to the right
C. Upward movement along the supply curve
D. Downward movement along the supply curve
5 During a year aggregate value of produced goods and services of a country is called:
A. Per-capita income
B. Net national income
C. Personal income
D. Gross national product
6 What was the production of cotton in 2005-06?
A. 12.4million bales
B. 16.2 millionbales
C. 18.8 million bales
D. 24.1 million bales
7 Welfare economics is the branch of economics which deals with:
A. Positive issues
B. Normative issues
C. Micro issues
D. Macro issues
8 The Kachhi Canal water project shall be completed in:
A. September 2008
B. June 2008
C. April 2009
D. December 2008
9 What was the difficulty in the barter System:
A. Excess of goods
B. Difference language
C. Lack of co-incidence
D. Difference in profession
10 When price falls supply:
A. Expands
B. Contracts
C. Remains zero
D. Becomes fixed

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