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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
After subtracting depreciation allowance from gross national product is known
Question # 2
National income increases by
Question # 3
Main elements of circular flow of national income are
Question # 4
Firms earn abnormal profit when:
Question # 5
------------ is not included in gross domestic product
Question # 6
One of the following is not included in net national product
Question # 7
Under monopoly, the slope of MR curve is:
Question # 8
A firm gains abnormal profit, when:
Question # 9
Equilibrium of national income is, when
Question # 10
In the long run firms mostly earn normal profit in:
Question # 11
To measure national income is used
Question # 12
Expenditures of repair of machines are called
Question # 13
Which thing should be added in net national product to get gross national product
Question # 14
Gross national product means
Question # 15
A firm suffers abnormal losse, when:
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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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 | 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
|
| 2 |
According to whom economist, National income is the name of the total of production of goods and services
|
A. Adam smith
B. Marshall
C. Fisher
D. Pigou
|
| 3 | Which is not counted in national income |
A. Interests
B. transfer payments
C. Profits
D. Rents
|
| 4 | National income increases by |
A. The increase in the quantity of capital goods
B. The increase in the quantity of goods and services
C. The increase in price of goods
D. The increase in the income of entrepreneurs
|
| 5 | Transfer payments are included in the income |
A. National income
B. Gross domestic product
C. Personal income
D. Disposable personal income
|
| 6 | 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
|
| 7 | national income is found by |
A. Subtracting depreciation allowance from gross national product
B. Subtracting indirect taxes from net national product
C. Adding subsidies in net national product
D. Subtracting indirect taxes and adding subsidies in net national product
|
| 8 | 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
|
| 9 | How many conditions of firm's equilibrium are there ? |
A. One
B. Two
C. Three
D. Four
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| 10 | National income is total of |
A. Incomes of all entrepreneurs of the country
B. Incomes of all industrialists of the country
C. Incomes of all salaried persons of the country
D. Incomes of all the people of the country
|
Test Questions
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