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

What was the contribution of the services sector to the GNP in FY 2005-06.

Question # 2

Which of the following economists came up with a theory regarding the tradeoff between unemployment and inflation?

Question # 3

Which of the following is TRUE for a Giffen good?

Question # 4

Which of the following will be TRUE if real income rose and the interest rate fell following an increase in government purchases?

Question # 5

An increase in supply is shown by:

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NAT-II Economy Chapter 0 Important MCQ's

Sr.# Question Answer
1 Give the share of commodity producing the sector in the GNP in 2005-06?
A. 2.5 percent
B. 4.3percent
C. 3.8percent
D. 7.2percent
2 How many methods can be used for cultivation:
A. One
B. Two
C. Three
D. Four
3 The economy gets prosperity during:
A. Recession
B. Boom
C. Depression
D. Recovery
4 The production of gram in 2005-06, in thousand tons was:
A. 450
B. 500
C. 527
D. 750
5 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
6 Who criticized Prof. Robbin's definition?
A. Marshall, J.B
B. Beveridge
C. Clark
D. Pigeou
7 For a study of the long term growth of the economy, we use:
A. Real GNP
B. Nominal GNP
C. Personal income
D. Disposable personal income
8 Welfare economics is the branch of economics which deals with:
A. Positive issues
B. Normative issues
C. Micro issues
D. Macro issues
9 What was the growth recorded by the manufacturing sector during 2005-06?
A. 4.2 percent
B. 5.5percent
C. 7.3percent
D. 8.6percent
10 Personal income includes:
A. Direct taxes
B. Indirect taxes
C. Undivided profit
D. Both 2nd and 3rd

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