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

In 2005-06, bajra was grown on 438 thousand hectares and its production in thousand tons was:

Question # 2

Ushr implies on:

Question # 3

Reward the labour is:

Question # 4

In monopoly, which of the following is NOT true?

Question # 5

Give the production of sugarcane in Pakistan in 2005-06?

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NAT-II Economy Chapter 0 Important MCQ's

Sr.# Question Answer
1 A tax on the accounting profits of corporations is known as:
A. Sales tax
B. Excise tax
C. Corporate income tax
D. Personal income tax
2 The Diamer Bhasha Dam will be completed in :
A. 2009
B. 2010
C. 2012
D. 2015
3 In 2005-06, the crop area of cotton was 3,096 thousand hectares and the crop area of rice was:
A. 2,620
B. 982
C. 8,303
D. 4,702
4 Double counting in national income refers to:
A. Counting a product more than once
B. Counting a product at the final stage of output process
C. Counting both as product and as factor payment
D. Counting both as real goods and as money flow
5 Which of the following event will lead towards cost-push inflation and therefore stagflation?
A. An increase in taxes on individuals
B. A decrease in real interest rates
C. A union settlement that increases wage levels
D. An increase in government purchases
6 What was the production of rice in million tons in 2005-06?
A. 4.4
B. 5.5
C. 6.6
D. 7.7
7
For a firm buying labor competitively, the marginal input cost is equal to the:
A. Wage
B. Interest rate
C. Price of output
D. Cost of raw materials
8 Real GDP is equal to:
A. Nominal GDP - Inflation
B. Nominal GDP + Inflation
C. Nominal GDP / Inflation
D. Inflation / Nominal GDP
9 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
10 Given the amount of gross fixed investment percentage of GDP during 2005-06.
A. 14.2 percent
B. 18.4 percent
C. 25.0 percent
D. 26.6 percent

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