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

A market is said to be in equilibrium when:

Question # 2

In the FY 2005-06 the GDP growth rate of Euro area was 1.3 percent, the developing nations 8.6 percent and the world was:

Question # 3

The long run aggregate supply curve will shift to the right if:

Question # 4

Average revenue is equal to:

Question # 5

In 2005-06 the real GDP growth of USA was 3.5 percent, of China 9.9 percent, Japan 2.7 percent, India 8.0 percent and of Pakistan was:

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NAT-II Economy Chapter 0 Important MCQ's

Sr.# Question Answer
1 What was the share of the major crops of value added in agriculture in 2005-06?
A. 24.2percent
B. 35.2percent
C. 39.1percent
D. 45percent
2 In 2005-06 the share of chemicals was 9.08 percent and the share of electricals was:
A. 4.6 percent
B. 8.2 percent
C. 11.78 percent
D. 16.3 percent
3 In the short run, the equilibrium price level and the equilibrium level of total output are determined by the intersection of:
A. The aggregate demand, the short-run aggregate supply and the long-run aggregate supply curves
B. The short-run aggregate supply and the long-run aggregate supply curves
C. The aggregate demand and the short-run aggregate supply curves
D. The aggregate demand and the long-run aggregate supply curves
4 Inflation will be useful for:
A. Labourers
B. Industrialist
C. Consumers
D. Pensioners
5 If we compare Gross Domestic Product (GDP) with Gross National
1. Product (GNP) then:
A. GNP = GDP - Net income from abroad
B. GNP = GDP + Net income from abroad
C. GNP = NNP - Net income from abroad
D. GNP = NNP + Net income from abroad
6 The economy gets maximum prosperity during:
A. Recession
B. Recovery
C. Boom
D. Depression
7 National income does not include:
A. Profit
B. Wages
C. Interest
D. Transfer payments
8 Rent of building is included in:
A. Fixed cost
B. Variable cost
C. Marginal cost
D. Selling cost
9 Consumer goods are those goods which are used by a man:
A. Directly
B. Off and On
C. Indirectly
D. Never
10 Who is the writer of Wealth of Nation?
A. Marshall
B. Adam Smith
C. Robbins
D. Keynes

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