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

00:00
Question # 1

What was the production of wheat in million tones during 2005-06?

Question # 2

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:

Question # 3

In 2005-06, the crop area of sugarcane in thousand hectares was:

Question # 4

A nation's balance of payments can be affected by changes in:

Question # 5

Double counting in national income refers to:

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NAT-II Economy Chapter 0 Important MCQ's

Sr.# Question Answer
1 When price falls supply:
A. Expands
B. Contracts
C. Remains zero
D. Becomes fixed
2 The supply of land is:
A. Infinity
B. Fixed
C. Variable
D. Zero
3 Which Economists presented the law of diminishing marginal utility:
A. Robbins
B. Malthus
C. Adam Smith
D. Marshall
4 Average revenue is equal to:
A. Price
B. Total revenue
C. Marginal revenue
D. Average cost
5 Which of the following is TRUE for a Giffen good?
A. Its marginal utility is zero
B. Its demand curve is perfectly elastic
C. Its substitution effect is positive
D. Its demand curve is positively sloped
6 In 2005-06, the crop area of sugarcane in thousand hectares was:
A. 540
B. 642
C. 756
D. 907
7 In 2005-06 which country had the highest growth rate among the following?
A. Egypt
B. Singapore
C. Kuwait
D. Nigeria
8 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
9 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
10 In 2005-06, the percentage of total investment to GDP was:
A. 8 percent
B. 10percent
C. 15percent
D. 20percent

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