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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 is in equilibrium, where:
Question # 2
One of the following precautions is not included in measurement of national income by product method
Question # 3
------------ is not included in gross domestic product
Question # 4
Transfer payments are included in the income
Question # 5
"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 # 6
According to whom economist, National income is the name of the total of production of goods and services
Question # 7
Basic object of a firm is to get maximum:
Question # 8
Firms earn abnormal profit when:
Question # 9
Under Monopoly, a firm is in equilibrium position when Ed is:
Question # 10
How many conditions of firm's equilibrium are there ?
Question # 11
Disposable personal income means
Question # 12
Disposable personal income is equal to
Question # 13
"National income is that part of material wealth of a nation which can be measured by the scale of money" This definition of national income is stated by the economist
Question # 14
Gross national product means
Question # 15
Equilibrium level of national income means that point where
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 | Expenses of wears and tears of machinery are called |
A. Productive expenses
B. Non productive expenses
C. Wages
D. Depreciation expenses
|
| 2 | 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
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| 3 | How many conditions of firm's equilibrium are there ? |
A. One
B. Two
C. Three
D. Four
|
| 4 | "National income is that part of material wealth of a nation which can be measured by the scale of money" This definition of national income is stated by the economist |
A. Marshall
B. Pigou
C. Adam smith
D. Clark
|
| 5 | Transfer payment means that income |
A. Which can move from one place to order place i.g. money etc.
B. Which is received without labour, e.g. Zakat, gift , pension etc
C. Which is received after hardwork
D. Which is received by exports
|
| 6 | A firm gains abnormal profit, when: |
A. TR = TC
B. TR > TC
C. TR < TC
D. MC = MR
|
| 7 | To measure national income is used |
A. Product method
B. Incomes of the factor method
C. Expenditure method
D. All the three
|
| 8 | Transfer payments are included in the income |
A. National income
B. Gross domestic product
C. Personal income
D. Disposable personal income
|
| 9 | Net national product is found by |
A. Subtracting tax from gross national product
B. Subtracting transfer payments form gross national product
C. Subtracting depreciation allowance from gross national product
D. Subtracting subsidies from gross national product
|
| 10 | Expenditures of repair of machines are called |
A. Unproductive expenditures
B. Productive expenditures
C. Rewards
D. Depreciation allowance
|
Test Questions
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