NAT II Management Science Economy MCQs With Answers

Question # 1

In 2005-06 total production of fish inland and marine in Pakistan was:

Choose an answer

5,81,000 tons

6,72,000 tons

7,44,000 tons

8,33,000 tons

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Question # 2

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

Choose an answer

21.6percent

16.2percent

12.8percent`

13.4percent

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Question # 3

In 2005-06 the real GDP growth of USA was 3.5 percent, of China 9.9 percent, Japan 2.7 percent, India 8.0 percent and of Pakistan was:

Choose an answer

6.6 percent

1.6 percent

4.6 percent

5.0 percent

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Question # 4

Which of the following is true about supply curve under monopoly?

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It is same as the competitive market supply curve

It is the portion of marginal cost curve where marginal costs exceed the minimum value of average variable costs

It is the result of market power and production costs

None of the given statements is true

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Question # 5

Give the production of sugarcane in Pakistan in 2005-06?

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22 millions tons

33 million tons

44 million tons

55 million tons

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Question # 6

A market is said to be in equilibrium when:

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Demand equals output

There is downward pressure on price

The amount consumers wish to buy at the current price equals the amount producers wish to sell at that price

All buyers are able to find sellers willing to sell to them at the current price

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