NAT II Management Science Economy MCQs With Answers

Question # 1

The Diamer Bhasha Dam will be completed in :

Choose an answer

2009

2010

2012

2015

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Question # 2

In the short run, the equilibrium price level and the equilibrium level of total output are determined by the intersection of:

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The aggregate demand, the short-run aggregate supply and the long-run aggregate supply curves

The short-run aggregate supply and the long-run aggregate supply curves

The aggregate demand and the short-run aggregate supply curves

The aggregate demand and the long-run aggregate supply curves

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Question # 3

It is a Federal Tax:

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Excise duty

Local Tax

Property Tax

None

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Question # 4

The GDP growth rate of agriculture sector in 2005-06 was:

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2.5 percent

4.3 percent

1.6 percent

9.3 percent

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Question # 5

Marginal cost curve always intersects average cost curve at:

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The maximum point

The central point

The minimum point

The vertical point

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Question # 6

For a study of the long term growth of the economy, we use:

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Real GNP

Nominal GNP

Personal income

Disposable personal income

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