12th Class Economics MCQ Test With Answer for Economics Full Book

Economics online test MCQS ICS part (2) 12th class

Economics is main subject for ICS students. it is taught by expert and professional teachers . Economics is science that deals with production, distribution and consumption of goods or the services or the material welfare of mankind.

Ilmkidunya makes tremendous efforts to provide the students quality educational data Ilmkidunya is providing online test services here for the online preparation. It is best and easy way to get prepare for the exams. There is ample of question are available on the website. These multiple choice questions, short Question /answer are made by under the instruction of expert teachers. Students are able to judge their ability and skills by solving this online test. There is 20 percent paper consist of objective. Students have to solve this part for getting good numbers. After solving these MCQS. Students not only become more competent but it also makes the students more comprehensive knowledge on the subject. Students can achieve brilliant success after attempting the entire question. Students can also review the result. Economics ICS part (2) students can practice these test again and again until they become fully expert in it

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ICS Part 2 Economics English Medium Full Book Test

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ICS Part 2 Economics English Medium Online Test

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  • Total Questions20

  • Time Allowed30

ICS Part 2 Economics English Medium Online Test

00:00
Question # 1

Progressive taxes

Question # 2

Whcih type of card is not issued by commmercial banks

Question # 3

It is counted in GDP

Question # 4

Foreign Trade

Question # 5

Banks discount it and adance loans.

Question # 6

It is transfer payment

Question # 7

Pakistan has a bankng system.

Question # 8

It would increase the lvel of national income.

Question # 9

Foregn trade creates among countries.

Question # 10

Corporae tax is levied on

Question # 11

This will cause decrease in natioal income.

Question # 12

The largest sector of Pakistan economy

Question # 13

Macroeconomics is concerned with.

Question # 14

Ten Rupee note is

Question # 15

Personal income includes.

Question # 16

The money called legal tender includes.

Question # 17

Net investment is

Question # 18

Govt. transfer payment include

Question # 19

A closed economy is best described as one in which

Question # 20

If saving exceed investment then


Topic Test

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Here is List Of Chapter Wise Tests

Ch. # Test Name MCQs Available PDF File Launch Test
0 ICS Part 2 Economics English Medium Chapter 1 Online Test 66 Download PDF Launch Test
0 ICS Part 2 Economics English Medium Chapter 2 Online Test 16 Download PDF Launch Test
0 ICS Part 2 Economics English Medium Chapter 3 Online Test 30 Download PDF Launch Test
0 ICS Part 2 Economics English Medium Chapter 4 Online Test 20 Download PDF Launch Test
0 ICS Part 2 Economics English Medium Chapter 5 Online Test 50 Download PDF Launch Test
0 ICS Part 2 Economics English Medium Chapter 6 Online Test 20 Download PDF Launch Test
0 ICS Part 2 Economics English Medium Chapter 7 Online Test 20 Download PDF Launch Test
0 ICS Part 2 Economics English Medium Chapter 8 Online Test 20 Download PDF Launch Test
0 ICS Part 2 Economics English Medium Chapter 9 Online Test 16 Download PDF Launch Test
0 ICS Part 2 Economics English Medium Chapter 10 Online Test 20 Download PDF Launch Test
0 ICS Part 2 Economics English Medium Chapter 11 Online Test 21 Download PDF Launch Test
0 ICS Part 2 Economics English Medium Chapter 12 Online Test 16 Download PDF Launch Test
0 ICS Part 2 Economics English Medium Chapter 13 Online Test 20 Download PDF Launch Test

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ICS Part II Economics Important MCQ's

Sr.# Question Answer
1 Which of the followign tax is best example of ability to pay principle of taxes
A. excise tax on cigratettes
B. Highway tolltax
C. Personal income tax
D. Proportional sales tax
2 Exchange rate for currencies is determined by supply and demand in system of.
A. Fixed exchange
B. flexible
C. Constatn
D. Regulated
3 Undisributed proits are considered.
A. Income enrned but not received
B. Income eearned and received
C. Income received but not earned
D. None of the above
4 Policy of Protecton in trade
A. Facilitates trade
B. Protects local producers
C. Protects foreign producers
D. Protects exporters
5 Threre are methods of measurieng natinal income
A. 5
B. 4
C. 2
D. 3
6 Net exports equal
A. Exports x imports
B. Exports + imports
C. exports- imports
D. None of the above
7 Open Market Operations is
A. Buying and selling govt securities
B. Buying and selling shares of companies
C. Buying and selling bills of exchange
D. Buying and selling foreign exchange
8 Banks discout it and advance loans.
A. Draft
B. Bill of exchange
C. Pay Order
D. Gold
9 Foreign Trade
A. Increses employment opportunites
B. Increases international mobility of labour
C. Increases competition
D. All of the above
10 In Pakistan Income tax is
A. Progressive tax
B. Regressive tax
C. Proportional tax
D. Fixed tax
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