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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
According to Pigou national income is that part of material wealth
Question # 2
Main elements of circular flow of national income are
Question # 3
Expenses of wears and tears of machinery are called
Question # 4
At shut down position:
Question # 5
Disposable personal income means
Question # 6
Which one of the following is not included in the methods of measuring national income
Question # 7
In the long run firms mostly earn normal profit in:
Question # 8
After deducting direct tax from personal income, it is called
Question # 9
"Quantity of goods and services which is consumed during a year is called national income". This definition of national income is stated by the economist
Question # 10
Which one of the following is not called Gross national product
Question # 11
Which is subtracted from gross national product to find gross domestic product
Question # 12
Because of increase in national income
Question # 13
Expenditures of repair of machines are called
Question # 14
Difference between total revenue and total cost presents:
Question # 15
Equilibrium level of national income means that point where
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 Class Principles of Economics ( English Medium) Chapter 9 Important MCQ's
| Sr.# | Question | Answer |
|---|---|---|
| 1 | If we subtract direct taxes from personal income, we get |
A. Net national income
B. Net domestic income
C. Disposable personal income
D. Personal savings
|
| 2 | Method of measuring national income |
A. National income=Gross national product - depreciation allowance
B. National income= Net national product - Indirect costs
C. National income= Net national product + subsidies
D. National income= Net national product - indirect taxes + subsidies
|
| 3 | Difference between total revenue and total cost presents: |
A. Price
B. Profit
C. Production
D. Loss
|
| 4 | Transfer payments are included in the income |
A. National income
B. Gross domestic product
C. Personal income
D. Disposable personal income
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| 5 | In the long run monopolist earns profit: |
A. Normal
B. Abnormal
C. Super normal
D. Both b and c
|
| 6 | A firm suffers abnormal losse, when: |
A. AC = AR
B. AVC = AR
C. AVC < AR
D. AVC > AR
|
| 7 | One is not included in measuring National income |
A. Wage of labour
B. services of house lady
C. Agricultural production
D. Industrial production
|
| 8 | Basic object of a firm is to get maximum: |
A. Price
B. Profit
C. Production
D. All of three
|
| 9 | How many conditions of firm's equilibrium are there ? |
A. One
B. Two
C. Three
D. Four
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| 10 | 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
|
Test Questions
