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This online test contains MCQs about following topics:
. Various concepts of national income . Measurement of national income . Product method . Income method . Expenditue method . CIrcular flow of national income . Factors of national income . Importance of study of national income
ICOM Part 1 Economics Ch 9 Test
ICOM Part 1 English Medium Subjects
ICOM Part 1 Urdu Medium Subjects
MCQ's Test For Chapter 9 "Principles of Economics Icom Part 1 English Medium Chapter 9 Online Test"
Try The MCQ's Test For Chapter 9 "Principles of Economics Icom Part 1 English Medium Chapter 9 Online Test"
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Total Questions15
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Time Allowed20
Principles of Economics Icom Part 1 English Medium Chapter 9 Online Test
00:00
Question # 1
A firm suffers abnormal losse, when:
Question # 2
According to whom economist, National income is the name of the total of production of goods and services
Question # 3
Because of increase in national income
Question # 4
A firm gains normat profit, where:
Question # 5
------------------- are added in national income
Question # 6
"Quantity of goods and services which is consumed during a year is called national income". This definition of national income is stated by the economist
Question # 7
Which thing of the following should be subtracted from gross national product to get net national product
Question # 8
Disposable personal income is equal to
Question # 9
Period in national income counting is
Question # 10
Individual income means
Question # 11
------------ is not included in gross domestic product
Question # 12
Disposable personal income means
Question # 13
A firm is in equilibrium, where:
Question # 14
Gross national product means
Question # 15
Main elements of circular flow of national income are
11th Principle of Economics Chapter 9 Test
Here you can prepare 11th Principle of Economics English Medium Chapter 9 National Income Test. Click the button for 100% free full practice test.
Top Scorers Of Chapter 9 "Principles of Economics Icom Part 1 English Medium Chapter 9 Online Test" MCQ`s Test
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S Subtain Ahmed Raza 21 - Jul - 2023 02 Min 00 Sec 14/15 -
A Aliya hassan 05 - Dec - 2020 02 Min 15 Sec 14/15 -
M Muhammad Hammad Shekhani 01 - Jul - 2021 05 Min 59 Sec 13/15 -
J John Paul 20 - Feb - 2021 08 Min 06 Sec 13/15 -
H hamza abid 16 - Aug - 2021 10 Min 50 Sec 13/15 -
A Arzoo Qaiser 30 - Jan - 2026 02 Min 26 Sec 12/15 -
E ekta 07 - Aug - 2021 02 Min 46 Sec 12/15 -
K KAZIM ALI 23 - Feb - 2019 04 Min 55 Sec 12/15 -
A Asif Iqbal 20 - Apr - 2023 05 Min 20 Sec 12/15 -
S salmanyaseen 03 - May - 2018 02 Min 34 Sec 11/15 -
M Muhammad kashif shakoor 12 - Jun - 2024 02 Min 50 Sec 11/15 -
A Ali hamza 25 - Dec - 2018 02 Min 58 Sec 11/15 -
N Naveera 01 - Jun - 2021 02 Min 59 Sec 11/15 -
H Hamza 23 - Aug - 2021 04 Min 22 Sec 11/15 -
A amir rasheed 10 - Apr - 2018 05 Min 12 Sec 11/15
ICom Part 1 Principles of Economics ( English Medium) Chapter 9 Important MCQ's
| Sr.# | Question | Answer |
|---|---|---|
| 1 |
According to whom economist, National income is the name of the total of production of goods and services
|
A. Adam smith
B. Marshall
C. Fisher
D. Pigou
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| 2 | At shut down position: |
A. AC = AR
B. AVC = AR
C. AVC < AR
D. AVC > AR
|
| 3 | Basic object of a firm is to get maximum: |
A. Price
B. Profit
C. Production
D. All of three
|
| 4 | Duopoly refers to: |
A. Single seller
B. Two seller
C. Multiple sellers
D. Multiple buyers
|
| 5 | What is deducted from the GNP to get GDP |
A. Depreciation allowances
B. Net income received from abroad
C. Indirect tax
D. Transnfer payments
|
| 6 | Gross national product means |
A. Total of price of all goods produced in a country in year
B. Total of price of all consumer goods produced in the economy during a year
C. Total of goods and services produced in the economy during a year
D. Total of monetary value of goods and services produced during a year in the economy
|
| 7 | One of the following is not included in net national product |
A. Consumer goods
B. Capital goods
C. Capital formation
D. Consumer goods and capital goods
|
| 8 | Firms earn abnormal profit when: |
A. AR = AC
B. AR < AC
C. AR > AC
D. AC = AR
|
| 9 | Monopoly refers to: |
A. Single buyer
B. Single seller
C. Single producer
D. Both b and c
|
| 10 | A firm gains abnormal profit, when: |
A. TR = TC
B. TR > TC
C. TR < TC
D. MC = MR
|
Test Questions