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

Which economist presented the Cardinal Theory of Utility:

Question # 2

In 2005-06, bajra was grown on 438 thousand hectares and its production in thousand tons was:

Question # 3

If total expenditure decrease with the rise in prices elasticity of demand will be:

Question # 4

Which of the following is true about supply curve under monopoly?

Question # 5

In 2005-06, the crop area of cotton was 3,096 thousand hectares and the crop area of rice was:

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NAT-II Economy Chapter 0 Important MCQ's

Sr.# Question Answer
1 The price elasticity of demand measures the responsiveness of quantity demanded to:
A. Quantity demanded
B. Quantity supplied
C. Price
D. Output
2 When national income is increases:
A. Standard of living increases
B. Standard of living decreases
C. Remains same
D. Bad thing
3 A nation's balance of payments can be affected by changes in:
A. Foreign income
B. The differential between domestic and foreign interst rates
C. The real exchange rate
D. All of the given options
4 Due to devaluation exports become:
A. Smaller
B. Larger
C. Cheaper
D. Expensive
5 In inflation prices:
A. Increase
B. Do not change
C. Decrease
D. Become zero
6 In 2005-06, the percentage of total investment to GDP was:
A. 8 percent
B. 10percent
C. 15percent
D. 20percent
7 The other name of law of diminishing return is:
A. Law of supply
B. Law of diminishing marginal utility
C. Law of demand
D. Law of increasing cost
8 Mairani Dam is being built in Balochistan Gomal Zam Dam in NWFP and Diamer Bhasha Dam in the region of:
A. Punjab
B. Northern Areas
C. NWFP
D. Sindh
9 The quality of a good which satisfies a human want is called as:
A. Service
B. Cost
C. Utility
D. None
10 Inflation on prices:
A. Decrease
B. Remains constant
C. Increase
D. Become zero

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