NAT IIM Management Science Economy Online Test for Pakistani Students

NAT II Management Science Economy

Sr. #	Questions	Answers Choice
1	The supply of land is:	Infinity Fixed Variable Zero
2	Income elasticity show the relationship between:	Income and demand Income and consumption Income and price Income and saving
3	If total expenditure decrease with the rise in prices elasticity of demand will be:	Equal to unity Less than unity Greater than unity Equal to zero
4	Who described Economies as a science of wealth:	Piguo Adam Smith Robbins Marshall
5	Ushr implies on:	Agricultural product Industrial product Agricultural & industrial product None of these