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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
Concept of equilibrium level of national income in comprehensive way was presented by
Question # 2
Disposable personal income is equal to
Question # 3
After deducting direct tax from personal income, it is called
Question # 4
------------ is not included in gross domestic product
Question # 5
The income which a person can use according to his will is called
Question # 6
Difference between total revenue and total cost presents:
Question # 7
Transfer payments are included in the income
Question # 8
Monopoly refers to:
Question # 9
Equilibrium of national income is, when
Question # 10
If we subtract direct taxes from personal income, we get
Question # 11
Oligopoly means:
Question # 12
One of the following is not included in net national product
Question # 13
According to Pigou national income is that part of material wealth
Question # 14
Which is not counted in national income
Question # 15
Transfer payments are included 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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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 -
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S salmanyaseen 03 - May - 2018 02 Min 34 Sec 11/15 -
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A amir rasheed 10 - Apr - 2018 05 Min 12 Sec 11/15
ICom Part 1 Principles of Economics ( English Medium) Chapter 9 Important MCQ's
| Sr.# | Question | Answer |
|---|---|---|
| 1 | Which one of the following is not called Gross national product |
A. Economic national product
B. Joint national product
C. Composite national product
D. All the three
|
| 2 | Which is subtracted from gross national product to find gross domestic product |
A. Depreciation allowance
B. Net income received from foreign sources
C. Indirect taxes
D. Transfer payments
|
| 3 |
According to whom economist, National income is the name of the total of production of goods and services
|
A. Adam smith
B. Marshall
C. Fisher
D. Pigou
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| 4 | "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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| 5 | 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
|
| 6 | Difference between total revenue and total cost presents: |
A. Price
B. Profit
C. Production
D. Loss
|
| 7 | 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
|
| 8 | Expenses of wears and tears of machinery are called |
A. Productive expenses
B. Non productive expenses
C. Wages
D. Depreciation expenses
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| 9 | At shut down position: |
A. AC = AR
B. AVC = AR
C. AVC < AR
D. AVC > AR
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| 10 | 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
|
Test Questions