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 growth recorded by the manufacturing sector during 2005-06?

Question # 2

The share of the automobile group in manufacturing group in 2005-06 was:

Question # 3

In 2005-06 the growth rate of Saudi Arabia was 6.5 percent, Kuwait 8.5 percent and Bangladesh 5.8 percent. What was the growth rate of Iran?

Question # 4

Who is responsible for profit and loss in the business:

Question # 5

The supply of perishable goods is:

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NAT-II Economy Chapter 0 Important MCQ's

Sr.# Question Answer
1 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
2 Personal income includes:
A. Direct taxes
B. Indirect taxes
C. Undivided profit
D. Both 2nd and 3rd
3 Name the water project to be completed in April 2009:
A. Gomal Zam Dam
B. Rainee Canal
C. Kachhi Canal
D. Mirani Dam
4 According to law of diminishing marginal utility, the marginal utility:
A. Increases
B. Remains constant
C. Diminshes
D. Negative
5 The GDP growth rate of agriculture sector in 2005-06 was:
A. 2.5 percent
B. 4.3 percent
C. 1.6 percent
D. 9.3 percent
6 During 2005-06 maize was grown on an area of 982 thousand hectares and its production was:
A. 3.5 million tones
B. 4.2 million tones
C. 5.2 million tones
D. 6.7 million tones
7 For knowing the spending capacity of the household sector, we have to use the concept of:
A. National income
B. Personal income
C. Private income
D. Personal disposable income
8 For a study of the long term growth of the economy, we use:
A. Real GNP
B. Nominal GNP
C. Personal income
D. Disposable personal income
9
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
10 Which of the following economists came up with a theory regarding the tradeoff between unemployment and inflation?
A. A.W. Phillips
B. John Maynard Keynes
C. Joseph Schumpeter
D. Milton Friedman

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