National Income Test 7 Online Mcqs Preparation Leave a Comment / Economics / By Malik Asghar National Income Test 7 Online Mcqs Preparation 1. An open economy:A. Means world economyB. Is one without taxesC. Is that interacts with other economiesD. Must be a democracy Loading... 2. GNP is always:A. Equal to NNPB. Greater than NNPC. Less than NNP D. Greater in many years but less in others Loading... 3. Macroeconomics is concerned with:A. Spending decisions of householdsB. How to produce goodsC. How to but stocks and bondsD. Aggregate economic activity Loading... 4. Which of the following is not macroeconomics:A. The level of output in the economyB. Level of wages in garment industryC. UnemploymentD. Inflation Loading... 5. The largest type of income in the Pakistan is:A. Compensation of employeesB. Corporate profitsC. Proprietors incomeD. Rental income Loading... 6. Which of the following is counted in GDP:A. A TV set produced this year but not soldB. Purchase of shares of PSO (company)C. Sale of used car D. The leisure enjoyed by people Loading... 7. In economics, one or more persons living in a joint family are called a:A. Business firm B. Super familyC. HouseholdD. Social gathering Loading... 8. A closed economy is best described as one in which:A. No externalizesB. There are no monopolies C. No international tradeD. No corporations Loading... 9. The four factor payments are:A. Wages, interest, salaries and incomeB. Money, power, prices and wealthC. Wages, rent, interest and profitsD. Money, capital, salaries, and income Loading... 10. Which of the following is transfer payment:A. Payment for a leased carB. Payment of interest C. Payment for social securityD. Payment of college tuition fee Loading... Loading... Related NTS Results Post:Biology Mcqs Test 08 Online PreparationBiology Mcqs Test 12 Online PreparationBiology Mcqs Test 13 Online PreparationBiology Mcqs Test 10 Online PreparationBiology Mcqs Test 11 Online PreparationBiology Mcqs Test 09 Online PreparationBiology Mcqs Test 07 Online PreparationBiology Mcqs Test 06 Online Preparation