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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
------------------- are added in national income
Question # 3
Which one of the following is not called Gross national product
Question # 4
Method of measuring national income
Question # 5
After subtracting depreciation allowance from gross national product is known
Question # 6
The term "Price Maker" is used in:
Question # 7
Gross national product means
Question # 8
Individual income means
Question # 9
Expenditures of repair of machines are called
Question # 10
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
Question # 11
Main elements of circular flow of national income are
Question # 12
"National income is that part of material wealth of a nation which can be measured by the scale of money" This definition of national income is stated by the economist
Question # 13
According to whom economist, National income is the name of the total of production of goods and services
Question # 14
One is not included in measuring National income
Question # 15
Price discrimination policy refers to:
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 Principles of Economics ( English Medium) Chapter 9 Important MCQ's
| Sr.# | Question | Answer |
|---|---|---|
| 1 | What is deducted from the GNP to get GDP |
A. Depreciation allowances
B. Net income received from abroad
C. Indirect tax
D. Transnfer payments
|
| 2 | A firm gains normat profit, where: |
A. P=AC
B. P>AC
C. P<AC
D. AC>AR
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| 3 | To measure national income is used |
A. Product method
B. Incomes of the factor method
C. Expenditure method
D. All the three
|
| 4 | Difference between total revenue and total cost presents: |
A. Price
B. Profit
C. Production
D. Loss
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| 5 |
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
|
| 6 | Transfer payments are included in the income |
A. National income
B. Gross domestic product
C. Personal income
D. Disposable personal income
|
| 7 | Expenses of wears and tears of machinery are called |
A. Productive expenses
B. Non productive expenses
C. Wages
D. Depreciation expenses
|
| 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 | 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
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| 10 | 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
|
Test Questions
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