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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
Equilibrium of national income is, when
Question # 2
Oligopoly means:
Question # 3
Disposable personal income is equal to
Question # 4
In the long run monopolist earns profit:
Question # 5
Gross national product means
Question # 6
Transfer payment means that income
Question # 7
"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 # 8
National income is total of
Question # 9
Which one of the following is not included in the methods of measuring national income
Question # 10
Expenditures of repair of machines are called
Question # 11
A firm suffers abnormal losse, when:
Question # 12
national income is found by
Question # 13
To measure national income is used
Question # 14
A firm gains abnormal profit, when:
Question # 15
Concept of equilibrium level of national income in comprehensive way was presented by
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 -
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
| Sr.# | Question | Answer |
|---|---|---|
| 1 | 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
|
| 2 | How many conditions of firm's equilibrium are there ? |
A. One
B. Two
C. Three
D. Four
|
| 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 | One of the following is not included in net national product |
A. Consumer goods
B. Capital goods
C. Capital formation
D. Consumer goods and capital goods
|
| 5 | One is not included in measuring National income |
A. Wage of labour
B. services of house lady
C. Agricultural production
D. Industrial production
|
| 6 | Transfer payments are included in |
A. Gross domestic income
B. National income
C. Disposable personal income
D. Personal income
|
| 7 | 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
|
| 8 | At shut down position: |
A. AC = AR
B. AVC = AR
C. AVC < AR
D. AVC > AR
|
| 9 | national income is found by |
A. Subtracting depreciation allowance from gross national product
B. Subtracting indirect taxes from net national product
C. Adding subsidies in net national product
D. Subtracting indirect taxes and adding subsidies in net national product
|
| 10 | 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
|
Test Questions
