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

An increase in supply is shown by:

Question # 2

The per capita income was $742 in 2004-05 but in 2005-06, rose to:

Question # 3

If money supply is fixed by the central bank then in interest rate money supply space, money supply curve will be:

Question # 4

What was the share of the major crops of value added in agriculture in 2005-06?

Question # 5

When price falls supply:

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NAT-II Economy Chapter 0 Important MCQ's

Sr.# Question Answer
1 The supply of perishable goods is:
A. Fixed
B. Variable
C. Minor change
D. Zero
2 Marginal cost curve always intersects average cost curve at:
A. The maximum point
B. The central point
C. The minimum point
D. The vertical point
3
The market structure in which strategic considerations are most important is:
A. Monopolistic competition.
B. Oligopoly.
C. Pure competition.
D. Pure monopoly.
4 It is a Federal Tax:
A. Excise duty
B. Local Tax
C. Property Tax
D. None
5 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
6 Reward for capital is called:
A. Rent
B. Interest
C. Wages
D. Profit
7 In 2005-06, bajra was grown on 438 thousand hectares and its production in thousand tons was:
A. 190
B. 221
C. 350
D. 475
8 Which sector contributed to 22 percent to GDP in Pakistan in 2005-06?
A. Services
B. Transport
C. Mining
D. Agriculture
9 What remains after deduction of direct taxes lions the personal income:
A. NNI
B. DPI
C. NDI
D. GNP
10 According to law of diminishing marginal utility, the marginal utility:
A. Increases
B. Remains constant
C. Diminshes
D. Negative

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