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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 one of the following is not included in the methods of measuring national income
Question # 2
Net foreign income is
Question # 3
If MC=MR=AR=AC=P, then a firms gains:
Question # 4
Which is subtracted from gross national product to find gross domestic product
Question # 5
According to professor Ackley Gardener, amounts are included in national income
Question # 6
Net national product is found by
Question # 7
Under Monopoly, a firm is in equilibrium position when Ed is:
Question # 8
Difference between total revenue and total cost presents:
Question # 9
If we subtract direct taxes from personal income, we get
Question # 10
Which is not counted in national income
Question # 11
The income which a person can use according to his will is called
Question # 12
A firm gains abnormal profit, when:
Question # 13
national income is found by
Question # 14
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 # 15
Disposable personal income is equal to
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 -
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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 | 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
|
| 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 | "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 |
A. Marshall
B. Pigou
C. Adam smith
D. Clark
|
| 4 | A firm gains abnormal profit, when: |
A. TR = TC
B. TR > TC
C. TR < TC
D. MC = MR
|
| 5 | After subtracting depreciation allowance from gross national product is known |
A. National income
B. Net national product
C. Personal income
D. Gross domestic product
|
| 6 | Firms earn abnormal profit when: |
A. AR = AC
B. AR < AC
C. AR > AC
D. AC = AR
|
| 7 | In the long run firms mostly earn normal profit in: |
A. Perfect competition
B. Oliogopoly
C. Monopoly
D. Duopoly
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| 8 | 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
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| 9 | Period in national income counting is |
A. One year
B. Two years
C. Three years
D. Four years
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| 10 | The income which a person can use according to his will is called |
A. Personal income
B. Disposable personal income
C. Net income
D. Per capita income
|
Test Questions
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