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

Personal income includes:

Question # 2

The supply of perishable goods is:

Question # 3

Reward the labour is:

Question # 4

Reward for capital is called:

Question # 5

The Diamer Bhasha Dam will be completed in :

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NAT-II Economy Chapter 0 Important MCQ's

Sr.# Question Answer
1 The quality of a good which satisfies a human want is called as:
A. Service
B. Cost
C. Utility
D. None
2 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
3 What is deducted from GNP to find GDP:
A. Depreciation allowance
B. Net income received from abroad
C. Indirect as
D. Transfer payments
4 It is a Federal Tax:
A. Excise duty
B. Local Tax
C. Property Tax
D. None
5 Who presented the quantity theory of money:
A. Marshall
B. Robbins
C. Taussig
D. Keynes
6 The supply of land is:
A. Infinity
B. Fixed
C. Variable
D. Zero
7 As compared to existing firms, a new firm entering in monopolist market has:
A. High costs
B. Low costs
C. Equal costs
D. None of the given options
8 In 2005-06 total production of fish inland and marine in Pakistan was:
A. 5,81,000 tons
B. 6,72,000 tons
C. 7,44,000 tons
D. 8,33,000 tons
9 What is the interest rate effect that explains why the aggregate demand curve slopes downward?
A. It refers to the effect of changes in the price level on quantity of investment demanded which in turn affects interest rates
B.
It refers to the effect of interest rates on borrowing which in turn affects consumption spending.
C. It refers to the effect of changes in the price level on interest rates which in turn affects the quantity of investment demanded
D. It refers to the shifts in aggregate demand when interest rates change
10 Which of the following large-scale items showed a negative growth of -47.97 percent during July-March 2005-06?
A. Sugar
B. Vegetable Ghee
C. Billets
D. Cement

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