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

How much amount was allocated for Prime Minister's special intiative for livestock during 2005-06 ?

Question # 2

The per capita income was $742 in 2004-05 but in 2005-06, rose to:

Question # 3

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

Question # 4

How many methods can be used for cultivation:

Question # 5

A monopolistically competitive firm in short run equilibrium:

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NAT-II Economy Chapter 0 Important MCQ's

Sr.# Question Answer
1 Inflation on prices:
A. Decrease
B. Remains constant
C. Increase
D. Become zero
2 A market is said to be in equilibrium when:
A. Demand equals output
B. There is downward pressure on price
C. The amount consumers wish to buy at the current price equals the amount producers wish to sell at that price
D. All buyers are able to find sellers willing to sell to them at the current price
3 Personal income includes:
A. Direct taxes
B. Indirect taxes
C. Undivided profit
D. Both 2nd and 3rd
4 The supply of land is:
A. Infinity
B. Fixed
C. Variable
D. Zero
5 Inflation will be useful for:
A. Labourers
B. Industrialist
C. Consumers
D. Pensioners
6 The interest rate parity is the basic identity that relates which of the following?
A. Interest rates and exchange rates
B. Interest rates and inflation rate
C. Exchange rates and inflation rate
D. Discount rate and inflation rate
7 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
8 It is a Federal Tax:
A. Excise duty
B. Local Tax
C. Property Tax
D. None
9 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
10
A monopolistically competitive firm in the long run equilibrium:
A. Will make negative profit.
B. Will make zero profit.
C. Will make positive profit
D. Any of the given are possible.

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