11th Class ICom Part 1 Principles of Economics Chapter Wise Online MCQ Test With Answers PDF English Medium

Principles of Economics Icom Part 1 English Medium Online Test

Sr. #	Questions	Answers Choice
1	National income is measured for:	One year Two years Three years Four years
2	Income received without any economic services:	National Income Transfer payments Interest Profit
3	Subsidies means:	Relief price to consumers Relief in price to Producers Surplus budget Both a and b
4	Depreciation means:	Wear and Tear Reduction in value Decrease in value All of these
5	In Macro economies the vital role is played by:	Marshall J.R.Hicks Robbins Keynes
6	Methods for measurement of national income are:	Two Three Four Five
7	One of the following is not include in national income:	Transfer payments Depreciation Wages Both a and b
8	If we deduct depreciation from GNP, we get:	P.I G.D.P D.P.I N.N.P
9	If we deduct direct taxes from personal income, we get:	NNP GDP DPI PI
10	If we deduct foreign income from GNP, we get:	N.N.P G.D.P D.P.I P.I
11	National income at factor cost is equal to:	G.N.P - Subsidies + taxes N.N.P - Direct tax + Subsidies G.D.P - Subsidies + taxes N.N.P - Indirect tax + Subsidies
12	National Income is also known as:	National product Total expenditure Total population Both a and b
13	Marginal revenue product is the amount of money attained by selling:	Average product Marginal product Total product Total cost
14	Other tern used for demand for factor is:	Initial demand derived demand Direct demand Cross demand
15	If we multiply margina product with price we get:	MFC MRP TVC Both a and b

Download This Set