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

Welfare economics is the branch of economics which deals with:

Question # 2

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

Question # 3

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 # 4

Reward the labour is:

Question # 5

What was the share of the major crops of value added in agriculture in 2005-06?

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NAT-II Economy Chapter 0 Important MCQ's

Sr.# Question Answer
1 The growth rate of Sri-lanka in 2005-06?
A. 4.4 percent
B. 5.9 percent
C. 1.8 percent
D. 7.5 percent
2 What remains after deduction of direct taxes lions the personal income:
A. NNI
B. DPI
C. NDI
D. GNP
3 The supply of land is:
A. Infinity
B. Fixed
C. Variable
D. Zero
4 If total expenditure decrease with the rise in prices elasticity of demand will be:
A. Equal to unity
B. Less than unity
C. Greater than unity
D. Equal to zero
5 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
6 Ushr implies on:
A. Agricultural product
B. Industrial product
C. Agricultural & industrial product
D. None of these
7 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
8 In inflation prices:
A. Increase
B. Do not change
C. Decrease
D. Become zero
9 Which group of the following showed a negative growth of -58.6 percent during 2005-06?
A. Chemicals
B. Petroleum
C. Electricals
D. Basic Metals
10 "Government collects zero revenue if the tax rate is 0% and if the tax rate is 100%." Which of the following best describes this statement?
A. Consumption curve
B. Supply curve
C. Laffer curve
D. Investment curve

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