Economics National Income Test 7 Online Mcqs Preparation National Income Test 7 Online Mcqs Preparation 1. The largest type of income in the Pakistan is:A. Rental incomeB. Compensation of employeesC. Proprietors incomeD. Corporate profits Loading... 2. The four factor payments are:A. Money, power, prices and wealthB. Wages, rent, interest and profitsC. Money, capital, salaries, and incomeD. Wages, interest, salaries and income Loading... 3. A closed economy is best described as one in which:A. No international tradeB. There are no monopolies C. No externalizesD. No corporations Loading... 4. In economics, one or more persons living in a joint family are called a:A. Business firm B. HouseholdC. Super familyD. Social gathering Loading... 5. An open economy:A. Is that interacts with other economiesB. Is one without taxesC. Must be a democracyD. Means world economy Loading... 6. GNP is always:A. Less than NNP B. Greater than NNPC. Greater in many years but less in othersD. Equal to NNP Loading... 7. Which of the following is transfer payment:A. Payment for a leased carB. Payment of college tuition fee C. Payment of interest D. Payment for social security Loading... 8. Macroeconomics is concerned with:A. How to produce goodsB. How to but stocks and bondsC. Spending decisions of householdsD. Aggregate economic activity Loading... 9. Which of the following is counted in GDP:A. The leisure enjoyed by peopleB. Sale of used car C. A TV set produced this year but not soldD. Purchase of shares of PSO (company) Loading... 10. Which of the following is not macroeconomics:A. Level of wages in garment industryB. The level of output in the economyC. UnemploymentD. Inflation Loading... Loading... Related PostsNational Income Test 4 Online Mcqs PreparationNational Income Test 1 Online Mcqs PreparationNational Income Test 5 Online Mcqs PreparationNational Income Test 6 Online Mcqs PreparationNational Income Test 2 Online Mcqs PreparationNational Income Test 3 Online Mcqs Preparation Continue Reading Previous National Income Test 6 Online Mcqs PreparationNext Money Banking and International Trade Test 1 Mcqs Preparation Online Leave a Reply Cancel replyYour email address will not be published. Required fields are marked *Comment * Name * Email * Website Δ