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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
Method of measuring national income
Question # 2
The income which a person can use according to his will is called
Question # 3
National income increases by
Question # 4
Individual income means
Question # 5
Basic object of a firm is to get maximum:
Question # 6
Equilibrium of national income is, when
Question # 7
Under Monopoly, a firm is in equilibrium position when Ed is:
Question # 8
After deducting direct tax from personal income, it is called
Question # 9
Main elements of circular flow of national income are
Question # 10
At shut down position:
Question # 11
Which is not counted in national income
Question # 12
A firm gains normat profit, where:
Question # 13
Concept of equilibrium level of national income in comprehensive way was presented by
Question # 14
------------------- are added in national income
Question # 15
Transfer payments are included in the income
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.
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M Muhammad Hammad Shekhani 01 - Jul - 2021 05 Min 59 Sec 13/15 -
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A Asif Iqbal 20 - Apr - 2023 05 Min 20 Sec 12/15 -
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A amir rasheed 10 - Apr - 2018 05 Min 12 Sec 11/15 -
M Minahil Asif 04 - Jun - 2024 01 Min 45 Sec 10/15
| Sr.# | Question | Answer |
|---|---|---|
| 1 | A firm gains normat profit, where: |
A. P=AC
B. P>AC
C. P<AC
D. AC>AR
|
| 2 | Price discrimination policy refers to: |
A. Single price
B. Two prices
C. Multiple prices
D. None of these
|
| 3 | 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
|
| 4 | ------------ is not included in gross domestic product |
A. Private investment
B. Income received from foreign country
C. Depreciation allowance
D. Govt. investment
|
| 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 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
|
| 7 | Under monopoly the price is always equal to: |
A. AR
B. MR
C. MC
D. AVC
|
| 8 | Difference between total revenue and total cost presents: |
A. Price
B. Profit
C. Production
D. Loss
|
| 9 | Gross national product means |
A. Total of price of all goods produced in a country in year
B. Total of price of all consumer goods produced in the economy during a year
C. Total of goods and services produced in the economy during a year
D. Total of monetary value of goods and services produced during a year in the economy
|
| 10 | 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
|
Test Questions
