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 total production of fish inland and marine in Pakistan was:

Question # 2

The shape of AR and MR under perfect competition is:

Question # 3

If money supply is fixed by the central bank then in interest rate money supply space, money supply curve will be:

Question # 4

Ushr implies on:

Question # 5

What was the share of livestock to the GNP during 2005-06?

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NAT-II Economy Chapter 0 Important MCQ's

Sr.# Question Answer
1 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
2 Income elasticity show the relationship between:
A. Income and demand
B. Income and consumption
C. Income and price
D. Income and saving
3 How much amount was allocated for Prime Minister's special intiative for livestock during 2005-06 ?
A. Rs. 672 million
B. Rs. 812 million
C. Rs. 1,696 million
D. Rs. 2,400 million
4 How many methods can be used for cultivation:
A. One
B. Two
C. Three
D. Four
5 The quality of a good which satisfies a human want is called as:
A. Service
B. Cost
C. Utility
D. None
6 In February 2006, the Avian Influenza was reported by poultry farm in:
A. Hyderabad
B. Karachi
C. Multan
D. Charsadda
7 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
8 The elasticity of demand of durable goods is
A. More than unity
B. Equal to unity
C. Less than unity
D. Zero
9 Canons of taxation describes:
A. Marshall
B. Keynes
C. Robbins
D. Adam Smith
10 What was the difficulty in the barter System:
A. Excess of goods
B. Difference language
C. Lack of co-incidence
D. Difference in profession

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