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

As more of a good is consumed, then total utility typically:

Question # 2

Real GDP is equal to:

Question # 3

The share of agriculture in the national economy in 2005-06, was:

Question # 4

When national income is increases:

Question # 5

The long run aggregate supply curve will shift to the right if:

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NAT-II Economy Chapter 0 Important MCQ's

Sr.# Question Answer
1 Which of the following event will lead towards cost-push inflation and therefore stagflation?
A. An increase in taxes on individuals
B. A decrease in real interest rates
C. A union settlement that increases wage levels
D. An increase in government purchases
2 What was the production of rice in million tons in 2005-06?
A. 4.4
B. 5.5
C. 6.6
D. 7.7
3 A good for which income and quantity demanded are inversely related is known as:
A. Inferior good
B. Complementary good
C. Normal good
D. None of the given options
4 In 2005-06 total production of fish inland and marine in Pakistan was:
A. 5,81,000 tons
B. 6,72,000 tons
C. 7,44,000 tons
D. 8,33,000 tons
5 Rent of building is included in:
A. Fixed cost
B. Variable cost
C. Marginal cost
D. Selling cost
6 The elasticity of demand of durable goods is
A. More than unity
B. Equal to unity
C. Less than unity
D. Zero
7 Who presented the quantity theory of money:
A. Marshall
B. Robbins
C. Taussig
D. Keynes
8 Who described Economies as a science of wealth:
A. Piguo
B. Adam Smith
C. Robbins
D. Marshall
9 It is a Federal Tax:
A. Excise duty
B. Local Tax
C. Property Tax
D. None
10 What was the share of livestock to the GNP during 2005-06?
A. 4.7percent
B. 6.5percent
C. 3.5percent
D. 8.0percent

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