11th class Principles of Economics chapter 9 online mcq test with answers for I.Com part 1 Principles of Economics chapter 9(National Income)

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

Sr. #	Questions	Answers Choice
1	Period in national income counting is	One year Two years Three years Four years
2	Which is not counted in national income	Interests transfer payments Profits Rents
3	------------ is not included in gross domestic product	Private investment Income received from foreign country Depreciation allowance Govt. investment
4	------------------- are added in national income	Depreciation allowance Subsidies Indirect taxes Direct taxes
5	"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	Marshall Pigou Adam smith Fisher
6	"National income is that part of material wealth of a nation which can be measured by the scale of money" This definition of national income is stated by the economist	Marshall Pigou Adam smith Clark
7	Individual income means	Total of incomes received from any means by the people Total of incomes of entrepreneurs of the country Income of a particular person Income of a family
8	Transfer payments are included in the income	National income Gross domestic product Personal income Disposable personal income
9	Main elements of circular flow of national income are	People or house holds Firms House holds and firms Industrial lists
10	To measure national income is used	Product method Incomes of the factor method Expenditure method All the three
11	The income which a person can use according to his will is called	Personal income Disposable personal income Net income Per capita income
12	National income increases by	The increase in the quantity of capital goods The increase in the quantity of goods and services The increase in price of goods The increase in the income of entrepreneurs
13	Disposable personal income means	Total of incomes Income of an industry after fulfilling all the needs After paying personal taxes, income of the people who provide factors of production Save income of a person after the payment of the taxes
14	After subtracting depreciation allowance from gross national product is known	National income Net national product Personal income Gross domestic product
15	According to professor Ackley Gardener, amounts are included in national income	Wages Rents and interests Profits All the three

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