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

International trade has the benefits:

Question # 2

A good for which income and quantity demanded are inversely related is known as:

Question # 3

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

Question # 4

What is the interest rate effect that explains why the aggregate demand curve slopes downward?

Question # 5

During a year aggregate value of produced goods and services of a country is called:

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NAT-II Economy Chapter 0 Important MCQ's

Sr.# Question Answer
1 For knowing the spending capacity of the household sector, we have to use the concept of:
A. National income
B. Personal income
C. Private income
D. Personal disposable income
2 According to law of increasing return, marginal product:
A. Increases
B. Decreases
C. Remains constant
D. None of these
3 In 2005-06 the share of chemicals was 9.08 percent and the share of electricals was:
A. 4.6 percent
B. 8.2 percent
C. 11.78 percent
D. 16.3 percent
4 The Kachhi Canal water project shall be completed in:
A. September 2008
B. June 2008
C. April 2009
D. December 2008
5 An increase in supply is shown by:
A. Shifting the supply curve to the left
B. Shifting the supply curve to the right
C. Upward movement along the supply curve
D. Downward movement along the supply curve
6 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
7
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.
8 The total cost (TC) function is given as: TC = 200 + 5Q. What is the fixed cost?
A. 5Q
B. 5
C. 5 + (200/Q)
D. 200
9 Reward for capital is called:
A. Rent
B. Interest
C. Wages
D. Profit
10 Consumer goods are those goods which are used by a man:
A. Directly
B. Off and On
C. Indirectly
D. Never

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