More Classes
5th Class
6th Class
7th Class
8th Class
9th Class
10th Class
11th Class
12th Class
NAT I
NAT II
CSS
IQ
General Knowledge
MDCAT
ECAT
GAT General
GAT Subject
Other Links
Go to Home
Online Tests
Icom Part 2 Principles of Economics Chapter 1 English Medium Online Test MCQs With Answers
Question # 1
In erms of national income accounts, multiple counting efers to.
Choose an answer
The addition to GNP of multiple units of a good
Counting cureently producedgoods more than once
The inclusion in GNP of gross spending and taxes
Counting both goods and services
Previous
Skip
Next
Question # 2
It is considered as investment
Choose an answer
Construction of a house
Purchase of an old house
Salaries of college professors
a and b above
Previous
Skip
Next
Question # 3
Transfer payments include.
Choose an answer
Daily wages, pensions
Pensions Zakat
Taxes, pocket money
Zakat , taxes
Previous
Skip
Next
Question # 4
It is avoided to make correct estimate of national income.
Choose an answer
Free services
Double counting
Export earnings
All of the above
Previous
Skip
Next
Question # 5
PI is equivalent to
Choose an answer
DPI Minus personal taxes
DIP Plus unerned receipts
DPI Minus income earned but not received
NI plus unearned receipts minus personal taxes
Previous
Skip
Next
Question # 6
Which statment is true
Choose an answer
NNP =GNP- Deprection
NNP =N1
NNP = DPI
NNP = GNP + Depreciation
Previous
Skip
Next
Question # 7
Gross nationa product includes
Choose an answer
A loan from one's parents
A loan from a domestic bank
A loan from other countries
None of theabove
Previous
Skip
Next
Question # 8
Investment spending included the purchase of.
Choose an answer
Lottery coupon
Prize Bond
Residential construction
all of the above
Previous
Skip
Next
Question # 9
Undisributed proits are considered.
Choose an answer
Income enrned but not received
Income eearned and received
Income received but not earned
None of the above
Previous
Skip
Next
Question # 10
The largest type of income in the Pakistan is
Choose an answer
Compensation of employees
Rental income
Proprietors income
Coporate profits
Previous
Skip
Next
Question # 11
It is counted in GDP
Choose an answer
Sale price of an old car
A TV set produced this year but not sold
Purchase of 100 shares of PSO
The leisure people consume
Previous
Skip
Next
Back
