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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
How many conditions of firm's equilibrium are there ?
Question # 3
Gross national product means
Question # 4
According to professor Ackley Gardener, amounts are included in national income
Question # 5
Duopoly refers to:
Question # 6
Equilibrium of national income is, when
Question # 7
According to whom economist, National income is the name of the total of production of goods and services
Question # 8
Which one of the following is not called Gross national product
Question # 9
In the long run monopolist earns profit:
Question # 10
Method of measuring national income
Question # 11
Expenditures of repair of machines are called
Question # 12
Net national product is found by
Question # 13
Under monopoly, the slope of MR curve is:
Question # 14
Which thing should be added in net national product to get gross national product
Question # 15
Firms earn abnormal profit 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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M Muhammad Hammad Shekhani 01 - Jul - 2021 05 Min 59 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 -
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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 | A firm gains abnormal profit, when: |
A. TR = TC
B. TR > TC
C. TR < TC
D. MC = MR
|
| 2 | One of the following precautions is not included in measurement of national income by product method |
A. To subtract depreciation allowance
B. To subtract indirect taxes
C. Not to include transfer payments
D. To include subsidies
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| 3 | Transfer payments are included in |
A. Gross domestic income
B. National income
C. Disposable personal income
D. Personal income
|
| 4 | 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 |
A. Professor Marshall
B. Professor Paul A Samuelson
C. Professor Fisher
D. Professor Pigou
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| 5 | Concept of equilibrium level of national income in comprehensive way was presented by |
A. Professor keynes
B. Professor Marshall
C. Professor hicks
D. Professor Lipsay
|
| 6 | In the long run firms mostly earn normal profit in: |
A. Perfect competition
B. Oliogopoly
C. Monopoly
D. Duopoly
|
| 7 | 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
|
| 8 | Which is subtracted from gross national product to find gross domestic product |
A. Depreciation allowance
B. Net income received from foreign sources
C. Indirect taxes
D. Transfer payments
|
| 9 | 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
|
| 10 | Period in national income counting is |
A. One year
B. Two years
C. Three years
D. Four years
|
Test Questions
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