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NAT II Management Science Economy MCQs With Answers
Question # 1
What was the production of rice in million tons in 2005-06?
Choose an answer
4.4
5.5
6.6
7.7
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Question # 2
During 2005-06, the construction sector contributed 9.2 percent to GNP and the share of fishing was:
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9.2percent
4.4percent
1.9percent
-3.6percent
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Question # 3
Who is the writer of Wealth of Nation?
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Marshall
Adam Smith
Robbins
Keynes
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Question # 4
The methods of measuring elasticity of supply are:
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Three
Two
Four
Five
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Question # 5
What was the percentage in the production of cotton yarn during July-March 2005-06?
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11.1 percent
15.2 percent
17.6 percent
19.2 percent
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Question # 6
The other name of law of diminishing return is:
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Law of supply
Law of diminishing marginal utility
Law of demand
Law of increasing cost
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Question # 7
In 2005-06, bajra was grown on 438 thousand hectares and its production in thousand tons was:
Choose an answer
190
221
350
475
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Question # 8
The long run aggregate supply curve will shift to the right if:
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The price level increases.
Factors of production (such as labor and capital) increase
Expenditures (such as consumption and net exports) increase.
The prices of inputs used to produce goods and services (such as wages and the price of oil)descreases
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Question # 9
If we compare Gross Domestic Product (GDP) with Gross National
1. Product (GNP) then:
Choose an answer
GNP = GDP - Net income from abroad
GNP = GDP + Net income from abroad
GNP = NNP - Net income from abroad
GNP = NNP + Net income from abroad
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