11th class Principles of Economics chapter 11 online mcq test with answers for I.Com part 1 Principles of Economics chapter 11(Business Cycle)

Principles of Economics Icom Part 1 English Medium Chapter 11 Online Test

Sr. #	Questions	Answers Choice
1	The income which a person can use according to his will called:	Net income Per capital income Personal income Disposable personal income
2	Net foreign income means:	Import - Exports Exports - Imports Import + Exports Income from imports
3	Transfer payment means:	Rent transfer Wages transfer Reward without services Profit transfer
4	Equilibrium level of national income means that point where:	Consumption = Saving Consumption = Investment Saving = Investment Income = Saving + Investment
5	Market value of all final goods and services is known as:	N.I G.N.P N.N.P Both a and b
6	Direct taxes are not included in:	Personal income G.N.P G.D.P Disposable personal income
7	National income is measured for:	One year Two years Three years Four years
8	Income received without any economic services:	National Income Transfer payments Interest Profit
9	Subsidies means:	Relief price to consumers Relief in price to Producers Surplus budget Both a and b
10	Depreciation means:	Wear and Tear Reduction in value Decrease in value All of these
11	In Macro economies the vital role is played by:	Marshall J.R.Hicks Robbins Keynes
12	Methods for measurement of national income are:	Two Three Four Five
13	One of the following is not include in national income:	Transfer payments Depreciation Wages Both a and b
14	If we deduct depreciation from GNP, we get:	P.I G.D.P D.P.I N.N.P
15	If we deduct direct taxes from personal income, we get:	NNP GDP DPI PI

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