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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
Main elements of circular flow of national income are
Question # 2
Difference between total revenue and total cost presents:
Question # 3
One of the following is not included in net national product
Question # 4
A firm is in equilibrium, where:
Question # 5
Expenditures of repair of machines are called
Question # 6
A firm gains abnormal profit, when:
Question # 7
The term "Price Maker" is used in:
Question # 8
What remains after the deduction of direct tax from the personal income
Question # 9
Equilibrium of national income is, when
Question # 10
Method of measuring national income
Question # 11
Which is subtracted from gross national product to find gross domestic product
Question # 12
Transfer payment means that income
Question # 13
How many conditions of firm's equilibrium are there ?
Question # 14
A firm gains normat profit, where:
Question # 15
To measure national income is used
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 | ------------ is not included in gross domestic product |
A. Private investment
B. Income received from foreign country
C. Depreciation allowance
D. Govt. investment
|
| 2 | Transfer payments are included in the income |
A. National income
B. Gross domestic product
C. Personal income
D. Disposable personal income
|
| 3 | What is deducted from the GNP to get GDP |
A. Depreciation allowances
B. Net income received from abroad
C. Indirect tax
D. Transnfer payments
|
| 4 | A firm gains abnormal profit, when: |
A. TR = TC
B. TR > TC
C. TR < TC
D. MC = MR
|
| 5 | Expenditures of repair of machines are called |
A. Unproductive expenditures
B. Productive expenditures
C. Rewards
D. Depreciation allowance
|
| 6 | Period in national income counting is |
A. One year
B. Two years
C. Three years
D. Four years
|
| 7 | National income means the income |
A. Which central government earns during a year
B. Which provincial government earn during a year
C. Total wealth of a country
D. Rewards which the factors of production get during a year
|
| 8 | Duopoly refers to: |
A. Single seller
B. Two seller
C. Multiple sellers
D. Multiple buyers
|
| 9 | Which thing should be added in net national product to get gross national product |
A. Direct taxes
B. Indirect taxes
C. Depreciation allowance
D. Subsidies
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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
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Test Questions
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