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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 The four factor payments are
  • A. Money, capital, salaries and income
  • B. Wages, rent, interest and profits
  • C. Money, power, prestige and wealth
  • D. Wages, interest, salaries and income
2 Speculative demand of money depends upon
  • A. Income
  • B. investment
  • C. Rate of investment
  • D. Central bank
3 It is deducted from GNP to find NNP
  • A. Savings
  • B. Direct taxes
  • C. Depreciation allowance
  • D. Subsidies
4 Real national income increases when
  • A. Prices of goods are rising
  • B. National savings increase
  • C. Quantity of goods and services increases
  • D. None of the above
5 NI= NE is an
  • A. Equation
  • B. Identity
  • C. Function
  • D. None
6 The largest part of national income is
  • A. Consumption
  • B. Investment
  • C. Saving
  • D. Transfer payments
7 We measure national income by this method
  • A. Expenditure method
  • B. Income method
  • C. Product method
  • D. All of the above
8 Transfer payments means
  • A. Bank loans
  • B. The payment without work
  • C. Payment made to all factors of production
  • D. Tax payment
9 If indirect taxes are deducted from NNP and subsides are added we achieve
  • A. Personal savings
  • B. DPI
  • C. National Income
  • D. Per capital income
10 The goods which are used directly by the people are called
  • A. Consumer goods
  • B. Capital good
  • C. Direct good
  • D. None

Chapterwise Lists

Chapter Name Questions PDF File
Economics Ics Part 2 English Medium Chapter 1 Online Test 17 Questions
Icom Part 2 Principles of Economics Chapter 1 English Medium Online Test 10 Questions
Economics Ics Part 2 English Medium Chapter 2 Online Test 17 Questions
Icom Part 2 Principles of Economics Chapter 2 English Medium Online Test 10 Questions
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Icom Part 2 Principles of Economics Chapter 3 English Medium Online Test 10 Questions
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Icom Part 2 Principles of Economics Chapter 4 English Medium Online Test 10 Questions
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Icom Part 2 Principles of Economics Chapter 7 English Medium Online Test 10 Questions
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Icom Part 2 Principles of Economics Chapter 8 English Medium Online Test 10 Questions
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Icom Part 2 Principles of Economics Chapter 9 English Medium Online Test 10 Questions
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Icom Part 2 Principles of Economics Chapter 10 English Medium Online Test 10 Questions
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Icom Part 2 Principles of Economics Chapter 13 English Medium Online Test 10 Questions

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