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

The growth rate of Sri-lanka in 2005-06?

Question # 2

What was the number of buffaloes in 2005-06?

Question # 3

Inflation on prices:

Question # 4

Who described Economies as a science of wealth:

Question # 5

Which economist presented the Cardinal Theory of Utility:

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NAT-II Economy Chapter 0 Important MCQ's

Sr.# Question Answer
1 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
2
A monopolistically competitive firm in the long run equilibrium:
A. Will make negative profit.
B. Will make zero profit.
C. Will make positive profit
D. Any of the given are possible.
3 Due to devaluation exports become:
A. Smaller
B. Larger
C. Cheaper
D. Expensive
4 Real GDP is equal to:
A. Nominal GDP - Inflation
B. Nominal GDP + Inflation
C. Nominal GDP / Inflation
D. Inflation / Nominal GDP
5 The quality of a good which satisfies a human want is called as:
A. Service
B. Cost
C. Utility
D. None
6 Which of the following is true about supply curve under monopoly?
A. It is same as the competitive market supply curve
B. It is the portion of marginal cost curve where marginal costs exceed the minimum value of average variable costs
C. It is the result of market power and production costs
D. None of the given statements is true
7 Consumer goods are those goods which are used by a man:
A. Directly
B. Off and On
C. Indirectly
D. Never
8 Inflation will be useful for:
A. Labourers
B. Industrialist
C. Consumers
D. Pensioners
9 In inflation prices:
A. Increase
B. Do not change
C. Decrease
D. Become zero
10 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

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