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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
Disposable personal income is equal to
Question # 2
"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 # 3
Under Monopoly, a firm is in equilibrium position when Ed is:
Question # 4
How many conditions of firm's equilibrium are there ?
Question # 5
National income increases by
Question # 6
Period in national income counting is
Question # 7
Individuals of a country produce a certain quantity of goods and services using the resources of the country with the help of their capital, it is called national income this definition is presented by
Question # 8
The income which a person can use according to his will is called
Question # 9
One of the following is not included in net national product
Question # 10
A firm is in equilibrium, where:
Question # 11
------------ is not included in gross domestic product
Question # 12
A firm gains normat profit, where:
Question # 13
Transfer payments are included in the income
Question # 14
According to Pigou national income is that part of material wealth
Question # 15
The term "Price Taker" is used in:
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 -
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 -
M Minahil Asif 04 - Jun - 2024 01 Min 45 Sec 10/15
ICom Part 1 Principles of Economics ( English Medium) Chapter 9 Important MCQ's
| Sr.# | Question | Answer |
|---|---|---|
| 1 | To measure national income is used |
A. Product method
B. Incomes of the factor method
C. Expenditure method
D. All the three
|
| 2 | In the long run firms mostly earn normal profit in: |
A. Perfect competition
B. Oliogopoly
C. Monopoly
D. Duopoly
|
| 3 | If MC=MR=AR=AC=P, then a firms gains: |
A. Super profit
B. Normal profit
C. Normal loss
D. Abnormal loss
|
| 4 | Which thing should be added in net national product to get gross national product |
A. Direct taxes
B. Indirect taxes
C. Depreciation allowance
D. Subsidies
|
| 5 | Under monopoly the price is always equal to: |
A. AR
B. MR
C. MC
D. AVC
|
| 6 | According to professor Ackley Gardener, amounts are included in national income |
A. Wages
B. Rents and interests
C. Profits
D. All the three
|
| 7 | Transfer payments are included in |
A. Gross domestic income
B. National income
C. Disposable personal income
D. Personal income
|
| 8 | According to Pigou national income is that part of material wealth |
A. Which can be stored easily
B. Which can be measured by the scale of money
C. Which have volume and surrounds
D. Which is exported
|
| 9 | Main elements of circular flow of national income are |
A. People or house holds
B. Firms
C. House holds and firms
D. Industrial lists
|
| 10 | After subtracting depreciation allowance from gross national product is known |
A. National income
B. Net national product
C. Personal income
D. Gross domestic product
|
Test Questions
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