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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
Oligopoly means:
Question # 2
Equilibrium level of national income means that point where
Question # 3
Under monopoly the price is always equal to:
Question # 4
Disposable personal income means
Question # 5
The term "Price Taker" is used in:
Question # 6
Concept of equilibrium level of national income in comprehensive way was presented by
Question # 7
Which is not counted in national income
Question # 8
Under Monopoly, a firm is in equilibrium position when Ed is:
Question # 9
Transfer payments are included in the income
Question # 10
National income increases by
Question # 11
A firm suffers abnormal losse, when:
Question # 12
In the long run monopolist earns profit:
Question # 13
Under monopoly, the slope of MR curve is:
Question # 14
Period in national income counting is
Question # 15
After deducting direct tax from personal income, it is called
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 | 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 | Net foreign income is |
A. Exports - imports
B. Exports + imports
C. Income received by exports
D. Income received by imports
|
| 3 | Transfer payments are included in the income |
A. National income
B. Gross domestic product
C. Personal income
D. Disposable personal income
|
| 4 | Disposable personal income means |
A. Total of incomes
B. Income of an industry after fulfilling all the needs
C. After paying personal taxes, income of the people who provide factors of production
D. Save income of a person after the payment of the taxes
|
| 5 | 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
|
| 6 | Basic object of a firm is to get maximum: |
A. Price
B. Profit
C. Production
D. All of three
|
| 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 | At shut down position: |
A. AC = AR
B. AVC = AR
C. AVC < AR
D. AVC > AR
|
| 9 | Under Monopoly, a firm is in equilibrium position when Ed is: |
A. Equal to unity
B. Less than unity
C. Grater than unity
D. Both b and c
|
| 10 | Transfer payments are included in |
A. Gross domestic income
B. National income
C. Disposable personal income
D. Personal income
|
Test Questions
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