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

Who is the writer of Wealth of Nation?

Question # 2

Double counting in national income refers to:

Question # 3

Income elasticity show the relationship between:

Question # 4

Which ASEAN nation had the highest growth rate of 7.5 percent in 2005-06?

Question # 5

In inflation prices:

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NAT-II Economy Chapter 0 Important MCQ's

Sr.# Question Answer
1 In 2005-06, the percentage of total investment to GDP was:
A. 8 percent
B. 10percent
C. 15percent
D. 20percent
2 How many methods can be used for cultivation:
A. One
B. Two
C. Three
D. Four
3 If we compare Gross Domestic Product (GDP) with Gross National
1. Product (GNP) then:
A. GNP = GDP - Net income from abroad
B. GNP = GDP + Net income from abroad
C. GNP = NNP - Net income from abroad
D. GNP = NNP + Net income from abroad
4 The quality of a commodity which satisfies the human wants:
A. Usefulness
B. Loss
C. Utility
D. Return
5 What was the production of wheat in million tones during 2005-06?
A. 16.6
B. 21.7
C. 26.2
D. 30.8
6 Average revenue is equal to:
A. Price
B. Total revenue
C. Marginal revenue
D. Average cost
7 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
8 The elasticity of demand of durable goods is:
A. Zero
B. More than unity
C. Less than unity
D. Equal to unity
9 In February 2006, the Avian Influenza was reported by poultry farm in:
A. Hyderabad
B. Karachi
C. Multan
D. Charsadda
10
In monopoly, which of the following is NOT true?
A. Products are differentiated
B.
There is freedom of entry and exit into the industry in the long run
C. The firm is a price maker
D. There is one main seller

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