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12th Class Principles of Economics Chapter 1 Test

12th class I.Com Part 2 Principles of Economics chapter 1 Online MCQs test with answers for Principles of Economics


I.Com Part 2 Principles of Economics
Chapter 1 Test

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I.Com Part 2 Principles of Economics Chapter Wise Test
(English Medium)

12th class I.Com Part 2 Principles of Economics chapter 1 Online MCQs test with answers for Principles of Economics

Sr. # Questions Answers Choice
1 Whis is the largest figure
  • A. NNP
  • B. GNP
  • C. DPI
  • D. PI
2 The largest type of income in the Pakistan is
  • A. Compensation of employees
  • B. Rental income
  • C. Proprietors income
  • D. Coporate profits
3 The largest part of national income goes to
  • A. Consumption
  • B. Investment
  • C. Saving
  • D. Transfer payment
4 Real national income increases when
  • A. Prics of goods are rising
  • B. National savings increases
  • C. Quantity of goods and services increases
  • D. None of the above
5 It is duducted from GNP to find NNP
  • A. Saving
  • B. Direct taxes
  • C. Depreciatin allowance
  • D. Subsidies
6 Transfer payments are not included in national income becaues.
  • A. Such payments are made to persons livnig abroad
  • B. Double counting would result
  • C. They are illegal
  • D. There is no method to account for these
7 If C= 200 and I= 40 Than Y will equal
  • A. 160
  • B. 240
  • C. 200
  • D. 8000
8 When National income is estimated by expenditue method we include.
  • A. All govt expenditure
  • B. All houseolds expenditure
  • C. All of the above
  • D. All expenditure of the business sector
9 To determine the correct level of GNP ,it is necessary to.
  • A. Add up the values of goods and services during one year
  • B. Add up allsavings
  • C. Count all imports
  • D. Add up the value of semi finished goods
10 Which statment is true
  • A. NNP =GNP- Deprection
  • B. NNP =N1
  • C. NNP = DPI
  • D. NNP = GNP + Depreciation

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Chapterwise Lists

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