NAT IIM Management Science Economy Online Test for Pakistani Students

MCQ's Test For NAT II Management Science Economy

Try The 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 large-scale items showed a negative growth of -47.97 percent during July-March 2005-06?

Question # 2

The real exchange rate is defined as the:

Question # 3

A firm is charging a different price for each unit purchased by a consumer.This is called:

Question # 4

In 2005-06, the crop area of cotton was 3,096 thousand hectares and the crop area of rice was:

Question # 5

A tax on the accounting profits of corporations is known as:

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NAT-II Economy Chapter 0 Important MCQ's

Sr.# Question Answer
1 Who is responsible for profit and loss in the business:
A. Capitalist
B. Entrepreneur
C. Labour
D. Middleman
2 Who wrote "The Nature and Significance of Economics":
A. Adam Smith
B. Marshall
C. Robbins
D. Keynes
3
The aggregate supply curve is the relationship between:
A.
The price level and the real domestic output purchased
B.
The price level and the real domestic output produced
C.
The price level which producers are willing to accept and the price level purchasers are willing to pay.
D.
The real domestic output purchased and the real domestic output produced.
4 The quality of a good which satisfies a human want is called as:
A. Service
B. Cost
C. Utility
D. None
5 Inflation on prices:
A. Decrease
B. Remains constant
C. Increase
D. Become zero
6 If pen and ink are complements, then an increase in the price of pen will cause:
A. An increase in the price of ink
B. Less ink to the demanded at each price
C. A decrease in the demand for pen
D. A rightward shift in the demand curve for ink
7 In 2005-06, the percentage of total investment to GDP was:
A. 8 percent
B. 10percent
C. 15percent
D. 20percent
8 Welfare economics is the branch of economics which deals with:
A. Positive issues
B. Normative issues
C. Micro issues
D. Macro issues
9 Which of the following economists came up with a theory regarding the tradeoff between unemployment and inflation?
A. A.W. Phillips
B. John Maynard Keynes
C. Joseph Schumpeter
D. Milton Friedman
10 In inflation prices:
A. Increase
B. Do not change
C. Decrease
D. Become zero

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