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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
One is not included in measuring National income
Question # 2
Method of measuring national income
Question # 3
Period in national income counting is
Question # 4
Main elements of circular flow of national income are
Question # 5
Which is subtracted from gross national product to find gross domestic product
Question # 6
Difference between total revenue and total cost presents:
Question # 7
To measure national income is used
Question # 8
The term "Price Maker" is used in:
Question # 9
How many conditions of firm's equilibrium are there ?
Question # 10
Which one of the following is not called Gross national product
Question # 11
A firm is in equilibrium, where:
Question # 12
Because of increase in national income
Question # 13
Equilibrium of national income is, when
Question # 14
The income which a person can use according to his will is called
Question # 15
Price discrimination policy refers to:
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 -
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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 -
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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 Class Principles of Economics ( English Medium) Chapter 9 Important MCQ's
| Sr.# | Question | Answer |
|---|---|---|
| 1 | If we subtract direct taxes from personal income, we get |
A. Net national income
B. Net domestic income
C. Disposable personal income
D. Personal savings
|
| 2 | Under monopoly the price is always equal to: |
A. AR
B. MR
C. MC
D. AVC
|
| 3 | Basic object of a firm is to get maximum: |
A. Price
B. Profit
C. Production
D. All of three
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| 4 | What remains after the deduction of direct tax from the personal income |
A. NNP
B. NNI
C. DPI
D. GNP
|
| 5 | To measure national income is used |
A. Product method
B. Incomes of the factor method
C. Expenditure method
D. All the three
|
| 6 | After subtracting depreciation allowance from gross national product is known |
A. National income
B. Net national product
C. Personal income
D. Gross domestic product
|
| 7 | "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 |
A. Marshall
B. Pigou
C. Adam smith
D. Fisher
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| 8 | The term "Price Taker" is used in: |
A. Perfect competition
B. Oliogopoly
C. Monopoly
D. Monopsony
|
| 9 | Equilibrium of national income is, when |
A. S > 1
B. S = 1
C. S < 1
D. S and 1
|
| 10 | If MC=MR=AR=AC=P, then a firms gains: |
A. Super profit
B. Normal profit
C. Normal loss
D. Abnormal loss
|
Test Questions
