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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
Because of increase in national income
Question # 2
The term "Price Taker" is used in:
Question # 3
Difference between total revenue and total cost presents:
Question # 4
Individuals of a country produce a certain quantity of goods and services using the resources of the country with the help of their capital, it is called national income this definition is presented by
Question # 5
At shut down position:
Question # 6
The term "Price Maker" is used in:
Question # 7
Transfer payments are included in
Question # 8
Expenses of wears and tears of machinery are called
Question # 9
National income means the income
Question # 10
After subtracting depreciation allowance from gross national product is known
Question # 11
How many conditions of firm's equilibrium are there ?
Question # 12
Under monopoly the price is always equal to:
Question # 13
Concept of equilibrium level of national income in comprehensive way was presented by
Question # 14
Basic object of a firm is to get maximum:
Question # 15
A firm gains abnormal profit, when:
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 | 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
|
| 2 | Oligopoly means: |
A. Single seller
B. Two seller
C. Multiple sellers
D. Multiple buyers
|
| 3 | Basic object of a firm is to get maximum: |
A. Price
B. Profit
C. Production
D. All of three
|
| 4 | Transfer payments are included in the income |
A. National income
B. Gross domestic product
C. Personal income
D. Disposable personal income
|
| 5 | What remains after the deduction of direct tax from the personal income |
A. NNP
B. NNI
C. DPI
D. GNP
|
| 6 | Main elements of circular flow of national income are |
A. People or house holds
B. Firms
C. House holds and firms
D. Industrial lists
|
| 7 | 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
|
| 8 | In the long run firms mostly earn normal profit in: |
A. Perfect competition
B. Oliogopoly
C. Monopoly
D. Duopoly
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| 9 | Monopoly refers to: |
A. Single buyer
B. Single seller
C. Single producer
D. Both b and c
|
| 10 | Because of increase in national income |
A. Standard of living rises
B. Standard of living falls
C. No change occurs
D. None of three
|
Test Questions
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