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 described Economies as a science of wealth:

Question # 2

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

Question # 3

Under the kinked demand curve model, an increase in marginal cost will lead to:

Question # 4

"Government collects zero revenue if the tax rate is 0% and if the tax rate is 100%." Which of the following best describes this statement?

Question # 5

Personal income includes:

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NAT-II Economy Chapter 0 Important MCQ's

Sr.# Question Answer
1 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
2 In 2005-06, the crop area of sugarcane in thousand hectares was:
A. 540
B. 642
C. 756
D. 907
3 In inflation prices:
A. Increase
B. Do not change
C. Decrease
D. Become zero
4 What was the contribution of the services sector to the GNP in FY 2005-06.
A. 9.2 percent
B. 3.5 percent
C. 8.8 percent
D. 4.7 percent
5 What was the percentage in the production of cotton yarn during July-March 2005-06?
A. 11.1 percent
B. 15.2 percent
C. 17.6 percent
D. 19.2 percent
6 If total expenditure decrease with the rise in prices elasticity of demand will be:
A. Equal to unity
B. Less than unity
C. Greater than unity
D. Equal to zero
7 The production of gram in 2005-06, in thousand tons was:
A. 450
B. 500
C. 527
D. 750
8 Welfare economics is the branch of economics which deals with:
A. Positive issues
B. Normative issues
C. Micro issues
D. Macro issues
9 The economy gets prosperity during:
A. Recession
B. Boom
C. Depression
D. Recovery
10 Given the amount of gross fixed investment percentage of GDP during 2005-06.
A. 14.2 percent
B. 18.4 percent
C. 25.0 percent
D. 26.6 percent

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