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

Inflation will be useful for:

Question # 2

What was the growth recorded by the manufacturing sector during 2005-06?

Question # 3

The real exchange rate is defined as the:

Question # 4

The elasticity of demand of durable goods is

Question # 5

In 2005-06 which country had the highest growth rate among the following?

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NAT-II Economy Chapter 0 Important MCQ's

Sr.# Question Answer
1 What was the production of cotton in 2005-06?
A. 12.4million bales
B. 16.2 millionbales
C. 18.8 million bales
D. 24.1 million bales
2 What was the production of rice in million tons in 2005-06?
A. 4.4
B. 5.5
C. 6.6
D. 7.7
3 In the short run, the equilibrium price level and the equilibrium level of total output are determined by the intersection of:
A. The aggregate demand, the short-run aggregate supply and the long-run aggregate supply curves
B. The short-run aggregate supply and the long-run aggregate supply curves
C. The aggregate demand and the short-run aggregate supply curves
D. The aggregate demand and the long-run aggregate supply curves
4 What was the contribution of the services sector to the GNP in FY 2005-06.
A. 9.2 percent
B. 3.5 percent
C. 8.8 percent
D. 4.7 percent
5 In the FY 2005-06 the GDP growth rate of Euro area was 1.3 percent, the developing nations 8.6 percent and the world was:
A. 3.5 percent
B. 4.8 percent
C. 4.5 percent
D. 5.5 percent
6 International trade has the benefits:
A. One
B. Three
C. Two
D. Unlimited
7 Inflation on prices:
A. Decrease
B. Remains constant
C. Increase
D. Become zero
8 Who presented the quantity theory of money:
A. Marshall
B. Robbins
C. Taussig
D. Keynes
9 The interest rate parity is the basic identity that relates which of the following?
A. Interest rates and exchange rates
B. Interest rates and inflation rate
C. Exchange rates and inflation rate
D. Discount rate and inflation rate
10
As more of a good is consumed, then total utility typically:
A. Increases at a decreasing rate.
B.
Decreases as long as marginal utility is negative
C.
Decreases as long as marginal utility is positive
D.
Is negative as long as marginal utility is decreasing.

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