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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
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Question # 1
According to whom economist, National income is the name of the total of production of goods and services
Question # 2
Expenses of wears and tears of machinery are called
Question # 3
Transfer payment means that income
Question # 4
The term "Price Taker" is used in:
Question # 5
What remains after the deduction of direct tax from the personal income
Question # 6
The income which a person can use according to his will is called
Question # 7
Which thing should be added in net national product to get gross national product
Question # 8
Which is subtracted from gross national product to find gross domestic product
Question # 9
Individual income means
Question # 10
national income is found by
Question # 11
Expenditures of repair of machines are called
Question # 12
National income means the income
Question # 13
After deducting direct tax from personal income, it is called
Question # 14
Concept of equilibrium level of national income in comprehensive way was presented by
Question # 15
According to Pigou national income is that part of material wealth
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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A Arzoo Qaiser 30 - Jan - 2026 02 Min 26 Sec 12/15 -
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
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 | Transfer payments are included in |
A. Gross domestic income
B. National income
C. Disposable personal income
D. Personal income
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| 3 | Disposable personal income is equal to |
A. Personal income + direct taxes
B. Personal income + indirect taxes
C. Personal income + direct and indirect taxes
D. Personal income - direct taxes
|
| 4 | Net foreign income is |
A. Exports - imports
B. Exports + imports
C. Income received by exports
D. Income received by imports
|
| 5 | Under monopoly the price is always equal to: |
A. AR
B. MR
C. MC
D. AVC
|
| 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 | In the long run monopolist earns profit: |
A. Normal
B. Abnormal
C. Super normal
D. Both b and c
|
| 8 | After deducting direct tax from personal income, it is called |
A. National income
B. personal income
C. Disposable personal income
D. per capital income
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| 9 | Period in national income counting is |
A. One year
B. Two years
C. Three years
D. Four years
|
| 10 | Expenses of wears and tears of machinery are called |
A. Productive expenses
B. Non productive expenses
C. Wages
D. Depreciation expenses
|
Test Questions
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