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

Start Chapter 1 Test

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 Personal income includes.
  • A. Direct taxes
  • B. Indirect taxes
  • C. Depreciation
  • D. None of the above
2 GNP is always.
  • A. Less than NNP
  • B. Grether than NNP
  • C. Equal to NNP
  • D. Is found from NNP
3 If indirect taxes are deducted from NNP and subsidies are added. we achieve
  • A. Personla savings
  • B. DPI
  • C. National Income
  • D. Percapita inocme
4 It would increase the lvel of national income.
  • A. An increase in taxation
  • B. A reduction in governmnet spending
  • C. An increase in exports
  • D. Students scholarships
5 If we include it. national income will be over estimated
  • A. Transfer payment
  • B. Income from abroad
  • C. Illegal income
  • D. Exports
6 The four factor payments are.
  • A. Money, Capital, salaries, and income
  • B. Wages, rent internest and profts
  • C. Money, power, Prices, and wwalth
  • D. Wags, intrest, salareis,andtaxes.
7 It is duducted from GNP to find NNP
  • A. Saving
  • B. Direct taxes
  • C. Depreciatin allowance
  • D. Subsidies
8 The largest type of income in the Pakistan is
  • A. Compensation of employees
  • B. Rental income
  • C. Proprietors income
  • D. Coporate profits
9 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
10 Macroeconomics is concerned with.
  • A. Aggregate economic activity
  • B. Spending decisions of households
  • C. Hod to produce goods
  • D. How tobuy stocks and bonds

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
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