Online NAT IGS General Science Economics Test Preparation for Pakistani Students

NAT I General Science Economics

Sr. #	Questions	Answers Choice
1	The shape of AR and MR under perfect competition is:	Vertical U-shape Horizontal to ox-axis None of these
2	The supply of land is:	Infinity Fixed Variable Zero
3	Income elasticity show the relationship between:	Income and demand Income and consumption Income and price Income and saving
4	If total expenditure decreases with the rise in price elasticity of demand will be	Equal to unity Less than unity Greater than unity Equal to zero
5	Who described Economics as a scienece of wealth:	Piguo Adam Smith Robbins Marshall
6	Ushr implies on:	Agricultural product Industrial product Agricultural & industrial product None of these
7	The economy gets maximum prosperity during:	Recession Recovery Boom Depression
8	International trade has the benefits:	One Unlimited Two Three
9	Who presented the quantity theory of money:	Marshall Robbins Taussig Keynes
10	National income does not include:	Profit Wages Interest Transfer payments