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

In 2005-06, the percentage of total investment to GDP was:

Question # 2

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

Question # 3

A market is said to be in equilibrium when:

Question # 4

The price elasticity of demand measures the responsiveness of quantity demanded to:

Question # 5

Give the production of sugarcane in Pakistan in 2005-06?

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NAT-II Economy Chapter 0 Important MCQ's

Sr.# Question Answer
1 The elasticity of demand of durable goods is:
A. Zero
B. More than unity
C. Less than unity
D. Equal to unity
2 The Kachhi Canal water project shall be completed in:
A. September 2008
B. June 2008
C. April 2009
D. December 2008
3 How much amount was allocated for Prime Minister's special intiative for livestock during 2005-06 ?
A. Rs. 672 million
B. Rs. 812 million
C. Rs. 1,696 million
D. Rs. 2,400 million
4 National income does not include:
A. Profit
B. Wages
C. Interest
D. Transfer payments
5 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
6 In 2005-06, the crop area of cotton was 3,096 thousand hectares and the crop area of rice was:
A. 2,620
B. 982
C. 8,303
D. 4,702
7 Which of the following event will lead towards cost-push inflation and therefore stagflation?
A. An increase in taxes on individuals
B. A decrease in real interest rates
C. A union settlement that increases wage levels
D. An increase in government purchases
8 In inflation prices:
A. Increase
B. Do not change
C. Decrease
D. Become zero
9 During 2005-06 maize was grown on an area of 982 thousand hectares and its production was:
A. 3.5 million tones
B. 4.2 million tones
C. 5.2 million tones
D. 6.7 million tones
10 If money supply is fixed by the central bank then in interest rate money supply space, money supply curve will be:
A. Horizontal
B. Vertical
C. Negatively sloped
D. Positively sloped

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