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

Which of the following will be TRUE if real income rose and the interest rate fell following an increase in government purchases?

Question # 2

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

Question # 3

The real exchange rate is defined as the:

Question # 4

What was the percentage in the production of cotton yarn during July-March 2005-06?

Question # 5

When national income is increases:

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NAT-II Economy Chapter 0 Important MCQ's

Sr.# Question Answer
1 The supply of land is:
A. Infinity
B. Fixed
C. Variable
D. Zero
2 The price elasticity of demand measures the responsiveness of quantity demanded to:
A. Quantity demanded
B. Quantity supplied
C. Price
D. Output
3 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
4 Who wrote "The Nature and Significance of Economics":
A. Adam Smith
B. Marshall
C. Robbins
D. Keynes
5 If total expenditure decrease with the rise in prices elasticity of demand will be:
A. Equal to unity
B. Less than unity
C. Greater than unity
D. Equal to zero
6 Give the share of commodity producing the sector in the GNP in 2005-06?
A. 2.5 percent
B. 4.3percent
C. 3.8percent
D. 7.2percent
7
The market structure in which strategic considerations are most important is:
A. Monopolistic competition.
B. Oligopoly.
C. Pure competition.
D. Pure monopoly.
8 Who is the writer of Wealth of Nation?
A. Marshall
B. Adam Smith
C. Robbins
D. Keynes
9 Inflation on prices:
A. Decrease
B. Remains constant
C. Increase
D. Become zero
10 For a study of the long term growth of the economy, we use:
A. Real GNP
B. Nominal GNP
C. Personal income
D. Disposable personal income

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