I.Com Part 1 Principles of Economics Chapter 11 Business Cycle Short Question Preparation


11th Class Principles of Economics
Chapter 11 Business Cycle Preparation

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11th Class Principles of Economics Chapter Wise Preparation

Online Short Questions For Chapter 11 "ICOM Part 1 Economics English Medium Chapter 11 Short Questions Preparation "

Try The Short Questions For ICOM Part 1 Economics English Medium Chapter 11 Short Questions Preparation

  • Total Questions10

  • Available Sets2

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Principles of Economics ( English Medium) - ICOM Part 1 Economics English Medium Chapter 11 Short Questions Preparation

Question # 1

Write four points of importance of the study of national income.

  • Ans 1: i. Analysis of economic situations.
    ii. Solution of economic problems
    iii. Production performance of the economy
    iv. To check economic welfare
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Prepare Complete Set Wise Questions For Chapter 11 "ICOM Part 1 Economics English Medium Chapter 11 Short Questions Preparation "

ICOM Part 1 Economics English Medium Chapter 11 Short Questions Preparation - Set 1

Question # 1

Write four points of importance of the study of national income.

  • Ans 1: i. Analysis of economic situations.
    ii. Solution of economic problems
    iii. Production performance of the economy
    iv. To check economic welfare
Submit

ICOM Part 1 Economics English Medium Chapter 11 Short Questions Preparation - Set 2

Question # 1

Define personal income and give its formula.

  • Ans 1: "Personal income in the total income received by the individual s of a country from all sources in one year". For example, if a doctor earns 20 million rupees in a year that is called his personal income.
    Personal income = NI - Social security contribution - corporate taxes - undistributed profit + transfer payments
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11th Class Principles of Economics Chapter 11 Preparation

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