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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
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Question # 1
One of the following is not included in net national product
Question # 2
national income is found by
Question # 3
Main elements of circular flow of national income are
Question # 4
A firm gains normat profit, where:
Question # 5
Method of measuring national income
Question # 6
Because of increase in national income
Question # 7
National income increases by
Question # 8
According to whom economist, National income is the name of the total of production of goods and services
Question # 9
Expenditures of repair of machines are called
Question # 10
The income which a person can use according to his will is called
Question # 11
In the long run firms mostly earn normal profit in:
Question # 12
After subtracting depreciation allowance from gross national product is known
Question # 13
Under Monopoly, a firm is in equilibrium position when Ed is:
Question # 14
Transfer payments are included in the income
Question # 15
"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
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 | Under monopoly the price is always equal to: |
A. AR
B. MR
C. MC
D. AVC
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| 2 | 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
|
| 3 | If we subtract direct taxes from personal income, we get |
A. Net national income
B. Net domestic income
C. Disposable personal income
D. Personal savings
|
| 4 | Price discrimination policy refers to: |
A. Single price
B. Two prices
C. Multiple prices
D. None of these
|
| 5 | The term "Price Taker" is used in: |
A. Perfect competition
B. Oliogopoly
C. Monopoly
D. Monopsony
|
| 6 | 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
|
| 7 | 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
|
| 8 | Disposable personal income is equal to |
A. Personal income + direct taxes
B. Personal income + indirect taxes
C. Personal income + direct and indirect taxes
D. Personal income - direct taxes
|
| 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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