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

Reward the labour is:

Question # 2

Under the kinked demand curve model, an increase in marginal cost will lead to:

Question # 3

For a firm buying labor competitively, the marginal input cost is equal to the:

Question # 4

Consumer goods are those goods which are used by a man:

Question # 5

Real GDP is equal to:

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NAT-II Economy Chapter 0 Important MCQ's

Sr.# Question Answer
1 In inflation prices:
A. Increase
B. Do not change
C. Decrease
D. Become zero
2 The elasticity of demand of durable goods is:
A. Zero
B. More than unity
C. Less than unity
D. Equal to unity
3 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
4 The Diamer Bhasha Dam will be completed in :
A. 2009
B. 2010
C. 2012
D. 2015
5 Real GDP is equal to:
A. Nominal GDP - Inflation
B. Nominal GDP + Inflation
C. Nominal GDP / Inflation
D. Inflation / Nominal GDP
6 Who wrote "The Nature and Significance of Economics":
A. Adam Smith
B. Marshall
C. Robbins
D. Keynes
7 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
8 National income does not include:
A. Profit
B. Wages
C. Interest
D. Transfer payments
9 In 2005-06, the percentage of total investment to GDP was:
A. 8 percent
B. 10percent
C. 15percent
D. 20percent
10 Ushr implies on:
A. Agricultural product
B. Industrial product
C. Agricultural & industrial product
D. None of these

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