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 of the following is true about supply curve under monopoly?

Question # 2

Give the share of commodity producing the sector in the GNP in 2005-06?

Question # 3

As more of a good is consumed, then total utility typically:

Question # 4

What was the share of the major crops of value added in agriculture in 2005-06?

Question # 5

If money supply is fixed by the central bank then in interest rate money supply space, money supply curve will be:

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NAT-II Economy Chapter 0 Important MCQ's

Sr.# Question Answer
1 "Government collects zero revenue if the tax rate is 0% and if the tax rate is 100%." Which of the following best describes this statement?
A. Consumption curve
B. Supply curve
C. Laffer curve
D. Investment curve
2 The share of agriculture in the national economy in 2005-06, was:
A. 21.6percent
B. 16.2percent
C. 12.8percent`
D. 13.4percent
3 What remains after deduction of direct taxes lions the personal income:
A. NNI
B. DPI
C. NDI
D. GNP
4 What was the difficulty in the barter System:
A. Excess of goods
B. Difference language
C. Lack of co-incidence
D. Difference in profession
5 Consumer goods are those goods which are used by a man:
A. Directly
B. Off and On
C. Indirectly
D. Never
6 Who presented the quantity theory of money:
A. Marshall
B. Robbins
C. Taussig
D. Keynes
7 How many methods can be used for cultivation:
A. One
B. Two
C. Three
D. Four
8 Average revenue is equal to:
A. Price
B. Total revenue
C. Marginal revenue
D. Average cost
9 A firm is charging a different price for each unit purchased by a consumer.This is called:
A. First-degree price discrimination
B. Second-degree price discrimination
C. Third-degree price discrimination
D. None of the given options
10 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

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