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

In 2005-06 the real GDP growth of USA was 3.5 percent, of China 9.9 percent, Japan 2.7 percent, India 8.0 percent and of Pakistan was:

Question # 2

The Kachhi Canal water project shall be completed in:

Question # 3

For a firm buying labor competitively, the marginal input cost is equal to the:

Question # 4

Which group of the following showed a negative growth of -58.6 percent during 2005-06?

Question # 5

Who is responsible for profit and loss in the business:

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NAT-II Economy Chapter 0 Important MCQ's

Sr.# Question Answer
1 What was the production of rice in million tons in 2005-06?
A. 4.4
B. 5.5
C. 6.6
D. 7.7
2 It is a Federal Tax:
A. Excise duty
B. Local Tax
C. Property Tax
D. None
3 In 2005-06, the percentage of total investment to GDP was:
A. 8 percent
B. 10percent
C. 15percent
D. 20percent
4 Name the water project to be completed in April 2009:
A. Gomal Zam Dam
B. Rainee Canal
C. Kachhi Canal
D. Mirani Dam
5 Due to devaluation exports become:
A. Smaller
B. Larger
C. Cheaper
D. Expensive
6
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.
7 Double counting in national income refers to:
A. Counting a product more than once
B. Counting a product at the final stage of output process
C. Counting both as product and as factor payment
D. Counting both as real goods and as money flow
8
The market structure in which strategic considerations are most important is:
A. Monopolistic competition.
B. Oligopoly.
C. Pure competition.
D. Pure monopoly.
9 Inflation on prices:
A. Decrease
B. Remains constant
C. Increase
D. Become zero
10 The Kachhi Canal water project shall be completed in:
A. September 2008
B. June 2008
C. April 2009
D. December 2008

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