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

"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 # 2

In 2005-06 total production of fish inland and marine in Pakistan was:

Question # 3

During 2005-06, the construction sector contributed 9.2 percent to GNP and the share of fishing was:

Question # 4

According to law of diminishing marginal utility, the marginal utility:

Question # 5

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

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NAT-II Economy Chapter 0 Important MCQ's

Sr.# Question Answer
1 It is a Federal Tax:
A. Excise duty
B. Local Tax
C. Property Tax
D. None
2 Which sector contributed to 22 percent to GDP in Pakistan in 2005-06?
A. Services
B. Transport
C. Mining
D. Agriculture
3 In 2005-06 which country had the highest growth rate among the following?
A. Egypt
B. Singapore
C. Kuwait
D. Nigeria
4 Which of the following is true about supply curve under monopoly?
A. It is same as the competitive market supply curve
B. It is the portion of marginal cost curve where marginal costs exceed the minimum value of average variable costs
C. It is the result of market power and production costs
D. None of the given statements is true
5 The real exchange rate is defined as the:
A. Market exchange rate adjusted for prices
B. Market exchange rate adjusted for interest rates
C. Market exchange rate
D. Exchange rate determined by the government
6 When price falls supply:
A. Expands
B. Contracts
C. Remains zero
D. Becomes fixed
7 The economy gets prosperity during:
A. Recession
B. Boom
C. Depression
D. Recovery
8 Give the production of sugarcane in Pakistan in 2005-06?
A. 22 millions tons
B. 33 million tons
C. 44 million tons
D. 55 million tons
9 In February 2006, the Avian Influenza was reported by poultry farm in:
A. Hyderabad
B. Karachi
C. Multan
D. Charsadda
10
The aggregate supply curve is the relationship between:
A.
The price level and the real domestic output purchased
B.
The price level and the real domestic output produced
C.
The price level which producers are willing to accept and the price level purchasers are willing to pay.
D.
The real domestic output purchased and the real domestic output produced.

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