PU COM 2026 National Income Free Quiz 1

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PU COM 2026 National Income Free Quiz 1

PU COM Quiz

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Remaining: 10

Navigator 10 Q

General

General 10 MCQs

1. What is GDP?

A. Total value of final goods produced within a country B. Total value of goods produced by citizens abroad C. Total value of imports D. Total value of exports

2. What is GNP?

A. Produced within the country only B. Produced by foreign residents only C. Produced by country's residents regardless of location D. Imported goods only

3. How is NNP calculated?

A. GNP plus depreciation B. GNP minus depreciation C. GDP minus depreciation D. GDP plus depreciation

4. What is personal income?

A. Income of businesses only B. Income of government only C. Income of foreigners only D. Total income received by individuals

5. What is disposable income?

A. Personal income minus taxes B. Personal income plus taxes C. Personal income divided by taxes D. Personal income multiplied by taxes

6. How does the income method measure national income?

A. Adds up all expenditures B. Adds up all production values C. Adds up all factor incomes D. Adds up all profits

7. How does the expenditure method measure national income?

A. Adds up all incomes B. Adds up all spending on final goods C. Adds up all production D. Adds up all imports

8. How does the output method measure national income?

A. Adds up total sales B. Adds up total profits C. Adds up total wages D. Adds up value added at each stage

9. What is nominal GDP?

A. Measured at current prices B. Measured at constant prices C. Adjusted for inflation D. Measured in foreign currency

10. What is real GDP?

A. Measured at current prices B. Measured in foreign currency C. Measured at constant prices D. Adjusted for population

📋 PU COM - Test Online Practice Quizzes

Punjab University Entry Test PU-COM

Conducting Body: University of The Punjab (PU)

Frequency: Bi-Annual | Time: 80 Minutes

Negative Marking: No

⚡ Test Pattern (Total: 100 MCQs):

English: 20 MCQs
Accounting: 20 MCQs
Economics: 20 MCQs
Quantitative Reasoning: 20 MCQs

Merit Formula: Merit Formula: Intermediat 50% Matric 25% PU M Entry Test 25%

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