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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
Which is subtracted from gross national product to find gross domestic product
Question # 2
One of the following precautions is not included in measurement of national income by product method
Question # 3
Equilibrium level of national income means that point where
Question # 4
Individual income means
Question # 5
Which thing of the following should be subtracted from gross national product to get net national product
Question # 6
What is deducted from the GNP to get GDP
Question # 7
After subtracting depreciation allowance from gross national product is known
Question # 8
Equilibrium of national income is, when
Question # 9
How many conditions of firm's equilibrium are there ?
Question # 10
The term "Price Maker" is used in:
Question # 11
Gross national product means
Question # 12
Difference between total revenue and total cost presents:
Question # 13
At shut down position:
Question # 14
One is not included in measuring National income
Question # 15
Expenses of wears and tears of machinery are called
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 -
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 -
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S salmanyaseen 03 - May - 2018 02 Min 34 Sec 11/15 -
M Muhammad kashif shakoor 12 - Jun - 2024 02 Min 50 Sec 11/15 -
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H Hamza 23 - Aug - 2021 04 Min 22 Sec 11/15 -
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 | In the long run firms mostly earn normal profit in: |
A. Perfect competition
B. Oliogopoly
C. Monopoly
D. Duopoly
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| 2 | 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
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| 3 | Duopoly refers to: |
A. Single seller
B. Two seller
C. Multiple sellers
D. Multiple buyers
|
| 4 | A firm is in equilibrium, where: |
A. AR = MR
B. AC = MC
C. AC = MR
D. MC = MR
|
| 5 | Under monopoly, the slope of MR curve is: |
A. Twice the slope of AR curve
B. Less than the slope of AR curve
C. Greater than the slope of AR curve
D. Half the slope of AR curve
|
| 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
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| 7 | Transfer payment means that income |
A. Which can move from one place to order place i.g. money etc.
B. Which is received without labour, e.g. Zakat, gift , pension etc
C. Which is received after hardwork
D. Which is received by exports
|
| 8 | At shut down position: |
A. AC = AR
B. AVC = AR
C. AVC < AR
D. AVC > AR
|
| 9 | Equilibrium of national income is, when |
A. S > 1
B. S = 1
C. S < 1
D. S and 1
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| 10 | Net foreign income is |
A. Exports - imports
B. Exports + imports
C. Income received by exports
D. Income received by imports
|
Test Questions
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