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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
National income increases by
Question # 2
Under Monopoly, a firm is in equilibrium position when Ed is:
Question # 3
Method of measuring national income
Question # 4
Difference between total revenue and total cost presents:
Question # 5
At shut down position:
Question # 6
Individual income means
Question # 7
A firm is in equilibrium, where:
Question # 8
A firm suffers abnormal losse, when:
Question # 9
Oligopoly means:
Question # 10
In the long run firms mostly earn normal profit in:
Question # 11
One of the following is not included in net national product
Question # 12
Under monopoly the price is always equal to:
Question # 13
Because of increase in national income
Question # 14
What remains after the deduction of direct tax from the personal income
Question # 15
Under monopoly, the slope of MR curve is:
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 | At shut down position: |
A. AC = AR
B. AVC = AR
C. AVC < AR
D. AVC > AR
|
| 2 | Price discrimination policy refers to: |
A. Single price
B. Two prices
C. Multiple prices
D. None of these
|
| 3 | "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
|
| 4 | Individual income means |
A. Total of incomes received from any means by the people
B. Total of incomes of entrepreneurs of the country
C. Income of a particular person
D. Income of a family
|
| 5 | National income means the income |
A. Which central government earns during a year
B. Which provincial government earn during a year
C. Total wealth of a country
D. Rewards which the factors of production get during a year
|
| 6 | "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
|
| 7 | Monopoly refers to: |
A. Single buyer
B. Single seller
C. Single producer
D. Both b and c
|
| 8 | Which thing of the following should be subtracted from gross national product to get net national product |
A. Direct taxes
B. Indirect taxes
C. Depreciation allowance
D. Income received from foreign country
|
| 9 | A firm suffers abnormal losse, when: |
A. AC = AR
B. AVC = AR
C. AVC < AR
D. AVC > AR
|
| 10 | Main elements of circular flow of national income are |
A. People or house holds
B. Firms
C. House holds and firms
D. Industrial lists
|
Test Questions
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