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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
In the long run monopolist earns profit:
Question # 2
Disposable personal income is equal to
Question # 3
Oligopoly means:
Question # 4
Equilibrium level of national income means that point where
Question # 5
Individual income means
Question # 6
In the long run firms mostly earn normal profit in:
Question # 7
At shut down position:
Question # 8
After subtracting depreciation allowance from gross national product is known
Question # 9
------------------- are added in national income
Question # 10
The term "Price Taker" is used in:
Question # 11
Under monopoly the price is always equal to:
Question # 12
According to whom economist, National income is the name of the total of production of goods and services
Question # 13
------------ is not included in gross domestic product
Question # 14
Under Monopoly, a firm is in equilibrium position when Ed is:
Question # 15
Disposable personal income means
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 -
J John Paul 20 - Feb - 2021 08 Min 06 Sec 13/15 -
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K KAZIM ALI 23 - Feb - 2019 04 Min 55 Sec 12/15 -
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S salmanyaseen 03 - May - 2018 02 Min 34 Sec 11/15 -
M Muhammad kashif shakoor 12 - Jun - 2024 02 Min 50 Sec 11/15 -
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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 | In the long run monopolist earns profit: |
A. Normal
B. Abnormal
C. Super normal
D. Both b and c
|
| 2 | After deducting direct tax from personal income, it is called |
A. National income
B. personal income
C. Disposable personal income
D. per capital income
|
| 3 | 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
|
| 4 | Which one of the following is not included in the methods of measuring national income |
A. Method of total according to market prices
B. Method of total of incomes
C. Method of total of domestic necessities and desires
D. Method of total expenditures
|
| 5 | Which one of the following is not called Gross national product |
A. Economic national product
B. Joint national product
C. Composite national product
D. All the three
|
| 6 | According to professor Ackley Gardener, amounts are included in national income |
A. Wages
B. Rents and interests
C. Profits
D. All the three
|
| 7 | How many conditions of firm's equilibrium are there ? |
A. One
B. Two
C. Three
D. Four
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| 8 | "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 |
A. Marshall
B. Pigou
C. Adam smith
D. Fisher
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| 9 | National income means the income |
A. Which central government earns during a year
B. Which provincial government earn during a year
C. Total wealth of a country
D. Rewards which the factors of production get during a year
|
| 10 | 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
|
Test Questions
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