First Year Principles of Economics Chapter 9 Online MCQ Test for 1st Year Principles of Economics Chapter 9 (National Income)

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11th Principle of Economics Chapter 9 Test

This online test contains MCQs about following topics:

Principles of Economics Icom Part 1 English Medium Chapter 9 Online Test

Try the Principles of Economics Icom Part 1 English Medium Chapter 9 Online Test.

  • Total Questions15

  • Time Allowed20

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Principles of Economics Icom Part 1 English Medium Chapter 9 Online Test

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Question # 1

A firm gains abnormal profit, when:

Question # 2

Which thing of the following should be subtracted from gross national product to get net national product

Question # 3

National income is total of

Question # 4

Basic object of a firm is to get maximum:

Question # 5

Transfer payments are included in the income

Question # 6

national income is found by

Question # 7

Which one of the following is not included in the methods of measuring national income

Question # 8

After subtracting depreciation allowance from gross national product is known

Question # 9

If we subtract direct taxes from personal income, we get

Question # 10

A firm is in equilibrium, where:

Question # 11

Duopoly refers to:

Question # 12

Individual income means

Question # 13

Transfer payments are included in

Question # 14

After deducting direct tax from personal income, it is called

Question # 15

Concept of equilibrium level of national income in comprehensive way was presented by

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Prepare All Principles of Economics Icom Part 1 English Medium Chapter 9 Online Test MCQs With Answers


. 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

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