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

A nation's balance of payments can be affected by changes in:

Question # 2

In 2005-06, the percentage of total investment to GDP was:

Question # 3

In the short run, the equilibrium price level and the equilibrium level of total output are determined by the intersection of:

Question # 4

The economy gets maximum prosperity during:

Question # 5

Real GDP is equal to:

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NAT-II Economy Chapter 0 Important MCQ's

Sr.# Question Answer
1 Average revenue is equal to:
A. Price
B. Total revenue
C. Marginal revenue
D. Average cost
2 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
3 According to law of increasing return, marginal product:
A. Increases
B. Decreases
C. Remains constant
D. None of these
4 The economy gets prosperity during:
A. Recession
B. Boom
C. Depression
D. Recovery
5 What was the share of the major crops of value added in agriculture in 2005-06?
A. 24.2percent
B. 35.2percent
C. 39.1percent
D. 45percent
6 In 2005-06 the growth rate of Saudi Arabia was 6.5 percent, Kuwait 8.5 percent and Bangladesh 5.8 percent. What was the growth rate of Iran?
A. 4.2 percent
B. 3.1 percent
C. 6.7 percent
D. 5.9 percent
7 Macro Economics was introduced by
A. Alfred Marshall
B. J.M. Keynes
C. N.W. Senior
D. J.B. Clark
8 The elasticity of demand of durable goods is:
A. Zero
B. More than unity
C. Less than unity
D. Equal to unity
9 Give the share of commodity producing the sector in the GNP in 2005-06?
A. 2.5 percent
B. 4.3percent
C. 3.8percent
D. 7.2percent
10 Which economist presented the Cardinal Theory of Utility:
A. Marshall
B. Canon
C. Kroose
D. J.B. Say

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