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

Question # 2

As compared to existing firms, a new firm entering in monopolist market has:

Question # 3

If we compare Gross Domestic Product (GDP) with Gross National
1. Product (GNP) then:

Question # 4

The supply of perishable goods is:

Question # 5

The supply of land is:

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NAT-II Economy Chapter 0 Important MCQ's

Sr.# Question Answer
1 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
2 In 2005-06, the crop area of sugarcane in thousand hectares was:
A. 540
B. 642
C. 756
D. 907
3 What was the production of rice in million tons in 2005-06?
A. 4.4
B. 5.5
C. 6.6
D. 7.7
4 The supply of perishable goods is:
A. Fixed
B. Variable
C. Minor change
D. Zero
5 According to law of increasing return, marginal product:
A. Increases
B. Decreases
C. Remains constant
D. None of these
6 The economy gets maximum prosperity during:
A. Recession
B. Recovery
C. Boom
D. Depression
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 Who presented the quantity theory of money:
A. Marshall
B. Robbins
C. Taussig
D. Keynes
9 Income elasticity show the relationship between:
A. Income and demand
B. Income and consumption
C. Income and price
D. Income and saving
10 What remains after deduction of direct taxes lions the personal income:
A. NNI
B. DPI
C. NDI
D. GNP

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