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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

Start Chapter 2 Test

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 Which shows equilibrium of national income.
  • A. consumption investment
  • B. saving=investment
  • C. saving < investment
  • D. saving> investment
2 National income equals
  • A. c+s+g
  • B. c+i+g
  • C. c+i-g
  • D. c-i+g
3 MCP is
  • A. c/y
  • B. 𝜟C/𝜟Y
  • C. Y/C
  • D. 𝜟Y/𝜟C
4 In equilibrium of national income
  • A. S > 1
  • B. S< 1
  • C. S = 1
  • D. All are true
5 If C = 200 and I = 40 then Y will equal
  • A. 160
  • B. 240
  • C. 8000
  • D. None of the above
6 marginal propensity to consume is
  • A. Total income spent on consumption
  • B. Ratio of total income consumed
  • C. Ratio of additional income consumed
  • D. Consumption divided by saving
7 There are methods of measuring national income
  • A. 5
  • B. 2
  • C. 1
  • D. 3
8 Which is the flow concept
  • A. Number of my shirts
  • B. My monthly income
  • C. My total wealth
  • D. Money supply
9 This may cause an increase in national income
  • A. Rise in exports
  • B. Rise in imports
  • C. Fall in consumer spending
  • D. Increase in saving
10 If MPC = 0.75 and national income Rs.400 national consumption will be equal to
  • A. 400 x 0.75
  • B. 400 - 0.75
  • C. 400 + 0.75
  • D. 400/0.75

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