NAT IIM Management Science Economy Online Test for Pakistani Students

NAT II Management Science Economy

Sr. #	Questions	Answers Choice
1	For knowing the spending capacity of the household sector, we have to use the concept of:	National income Personal income Private income Personal disposable income
2	Double counting in national income refers to:	Counting a product more than once Counting a product at the final stage of output process Counting both as product and as factor payment Counting both as real goods and as money flow
3	Which of the following event will lead towards cost-push inflation and therefore stagflation?	An increase in taxes on individuals A decrease in real interest rates A union settlement that increases wage levels An increase in government purchases
4	Which of the following is true about supply curve under monopoly?	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
5	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