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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 of the following is a withdrawal from the circular flow income stream
  • A. Investment
  • B. Subsidies
  • C. Taxation
  • D. Consumption
2 Which shows equilibrium of national income
  • A. Consumption = investment
  • B. Saving = investment
  • C. Savings < investment
  • D. Savings > investment
3 If C = 200 and I = 40 then Y will equal
  • A. 160
  • B. 240
  • C. 8000
  • D. None of the above
4 In equilibrium of national income
  • A. S > 1
  • B. S< 1
  • C. S = 1
  • D. All are true
5 Which statement is true
  • A. National expenditure = National income
  • B. National expenditure = National income + National production
  • C. National expenditure = National income + National taxes
  • D. National expenditure = National income - Taxes
6 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
7 MPC is always
  • A. Positive
  • B. Negative
  • C. Zero
  • D. More then APC
8 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
9 Which shows equilibrium of national income.
  • A. consumption investment
  • B. saving=investment
  • C. saving < investment
  • D. saving> investment
10 If C =200 and 1 = 40 then Y will equal
  • A. 160
  • B. 240
  • C. 8000
  • D. none of the above

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