Question # 1

Which sector contributed to 22 percent to GDP in Pakistan in 2005-06?

Services

Transport

Mining

Agriculture

The real exchange rate is defined as the:

Market exchange rate adjusted for prices

Market exchange rate adjusted for interest rates

Market exchange rate

Exchange rate determined by the government

Who described Economies as a science of wealth:

Piguo

Adam Smith

Robbins

Marshall

What is the interest rate effect that explains why the aggregate demand curve slopes downward?

It refers to the effect of changes in the price level on quantity of investment demanded which in turn affects interest rates

It refers to the effect of interest rates on borrowing which in turn affects consumption spending.

It refers to the effect of changes in the price level on interest rates which in turn affects the quantity of investment demanded

It refers to the shifts in aggregate demand when interest rates change

The shape of AR and MR under perfect competition is:

Vertical

U-shape

Horizontal to ox-axis

None of these

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

NAT II Management Science Economy MCQs With Answers