Question # 1

Name the water project to be completed in April 2009:

Gomal Zam Dam

Rainee Canal

Kachhi Canal

Mirani Dam

Which of the following economists came up with a theory regarding the tradeoff between unemployment and inflation?

A.W. Phillips

John Maynard Keynes

Joseph Schumpeter

Milton Friedman

Mairani Dam is being built in Balochistan Gomal Zam Dam in NWFP and Diamer Bhasha Dam in the region of:

Punjab

Northern Areas

NWFP

Sindh

In monopoly, which of the following is NOT true?

Products are differentiated

There is freedom of entry and exit into the industry in the long run

The firm is a price maker

There is one main seller

If we compare Gross Domestic Product (GDP) with Gross National

1. Product (GNP) then:

GNP = GDP - Net income from abroad

GNP = GDP + Net income from abroad

GNP = NNP - Net income from abroad

GNP = NNP + Net income from abroad

What was the difficulty in the barter System:

Excess of goods

Difference language

Lack of co-incidence

Difference in profession

NAT II Management Science Economy MCQs With Answers