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12th Class Principles of Economics Chapter 2 Test

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


I.Com Part 2 Principles of Economics
Chapter 2 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 2 Online MCQs test with answers for Principles of Economics

Sr. # Questions Answers Choice
1 Equilibrium of national income will be when
  • A. S > 1
  • B. S<1
  • C. S = 1
  • D. S - 1
2 This will cause decreasein national income
  • A. Rise in exports
  • B. Rise in saving
  • C. Increase in taxes
  • D. b and c of above
3 Which one is investment in economics
  • A. Building a factory
  • B. Buying shares in stock exchange
  • C. Depositing money in bank
  • D. Depositing money in housing society
4 Which of the following is a withdrawal from the circular flow income stream
  • A. Investment
  • B. Subsidies
  • C. Taxation
  • D. Consumption
5 Which of the following would increase national income
  • A. Increase in taxation
  • B. Increase in savings
  • C. Increase in govt. in govt. spending
  • D. Decrease in consumption spending
6 In equilibrium of national income
  • A. S > 1
  • B. S< 1
  • C. S = 1
  • D. All are true
7 When national income is estimated by expenditure method, we include
  • A. All govt. expenditure
  • B. All households expenditure
  • C. All expenditure of the business sector
  • D. All of a, b and c
8 If we compare GDP and GNP, then
  • A. GNP = GDP - net income from abroad
  • B. GNP = NNP + net income from abroad
  • C. GNP = NNP - net income from abroad
  • D. GNP = NNP + net income from abroad
9 Select the correct statements
  • A. Transfer payments are included in national income
  • B. Depreciation allowance is a part of GNP
  • C. Taxes are not included in NNP
  • D. GDP means Gross Direct Production
10 Which of the following is a withdrawal from the circular flow of income stream
  • A. Investment
  • B. subsidies
  • C. taxation
  • D. consuption

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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