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

Phases of trade cycle are:

Question # 2

What was the share of livestock to the GNP during 2005-06?

Question # 3

The market structure in which strategic considerations are most important is:

Question # 4

Give the production of sugarcane in Pakistan in 2005-06?

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 What remains after deduction of direct taxes lions the personal income:
A. NNI
B. DPI
C. NDI
D. GNP
2 The per capita income was $742 in 2004-05 but in 2005-06, rose to:
A. $ 795
B. $ 847
C. $ 880
D. $900
3 The supply of perishable goods is:
A. Fixed
B. Variable
C. Minor change
D. Zero
4 The production of gram in 2005-06, in thousand tons was:
A. 450
B. 500
C. 527
D. 750
5 How much amount was allocated for Prime Minister's special intiative for livestock during 2005-06 ?
A. Rs. 672 million
B. Rs. 812 million
C. Rs. 1,696 million
D. Rs. 2,400 million
6 "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?
A. Consumption curve
B. Supply curve
C. Laffer curve
D. Investment curve
7 Welfare economics is the branch of economics which deals with:
A. Positive issues
B. Normative issues
C. Micro issues
D. Macro issues
8 When price falls supply:
A. Expands
B. Contracts
C. Remains zero
D. Becomes fixed
9 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
10
As more of a good is consumed, then total utility typically:
A. Increases at a decreasing rate.
B.
Decreases as long as marginal utility is negative
C.
Decreases as long as marginal utility is positive
D.
Is negative as long as marginal utility is decreasing.

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