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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
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Question # 1
Equilibrium level of national income means that point where
Question # 2
National income means the income
Question # 3
"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 # 4
According to professor Ackley Gardener, amounts are included in national income
Question # 5
national income is found by
Question # 6
One is not included in measuring National income
Question # 7
Transfer payment means that income
Question # 8
After subtracting depreciation allowance from gross national product is known
Question # 9
A firm gains abnormal profit, when:
Question # 10
------------------- are added in national income
Question # 11
In the long run monopolist earns profit:
Question # 12
According to Pigou national income is that part of material wealth
Question # 13
A firm suffers abnormal losse, when:
Question # 14
A firm gains normat profit, where:
Question # 15
Individual income means
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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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 -
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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
| 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 | Oligopoly means: |
A. Single seller
B. Two seller
C. Multiple sellers
D. Multiple buyers
|
| 3 | Difference between total revenue and total cost presents: |
A. Price
B. Profit
C. Production
D. Loss
|
| 4 | Transfer payments are included in the income |
A. National income
B. Gross domestic product
C. Personal income
D. Disposable personal income
|
| 5 | 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
|
| 6 | Which one of the following is not included in the methods of measuring national income |
A. Method of total according to market prices
B. Method of total of incomes
C. Method of total of domestic necessities and desires
D. Method of total expenditures
|
| 7 | Firms earn abnormal profit when: |
A. AR = AC
B. AR < AC
C. AR > AC
D. AC = AR
|
| 8 | The term "Price Taker" is used in: |
A. Perfect competition
B. Oliogopoly
C. Monopoly
D. Monopsony
|
| 9 | 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
|
| 10 | 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
|
Test Questions
