2nd Year Economics Chapter 1 Online MCQ Test for 12th Class Economics Chapter 1 (National Income)

ICS Part 2 Economics English Medium Chapter 1 Test

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MCQ's Test For Chapter 0 "ICS Part 2 Economics English Medium Chapter 1 Online Test"

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ICS Part 2 Economics English Medium Chapter 1 Online Test

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Question # 1

Undisributed proits are considered.

Question # 2

If we include it. national income will be over estimated

Question # 3

Direct taxes are not included in

Question # 4

If govermment increases taxes pivate savings.

Question # 5

Circular flow of income links

Question # 6

Real national income increases when

Question # 7

Gross nationa product includes

Question # 8

The largest part of national income goes to

Question # 9

The four factor payments are.

Question # 10

Personal income includes.

Question # 11

The goods which arw used directly by the people are called.

Question # 12

Per capita Incom is.

Question # 13

Threre are methods of measurieng natinal income

Question # 14

Investment spending included the purchase of.

Question # 15

GNP includes

Question # 16

If indirect taxes are deducted from NNP and subsidies are added. we achieve

Question # 17

A closed economy is best described as one in which

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ICS Part 2 Economics English Medium Chapter 1 Test

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ICS Part II Economics Chapter 0 Important MCQ's

Sr.# Question Answer
1 If govermment increases taxes pivate savings.
A. Increase
B. Decrease
C. Do not change
D. Will become zero
2 Which is a flow concept.
A. Number of my shirts
B. My montly income
C. My total wealth
D. Money Supply
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 is duducted from GNP to find NNP
A. Saving
B. Direct taxes
C. Depreciatin allowance
D. Subsidies
5 Which measure has the larger value .
A. NNP
B. GNP
C. GDP
D. NI
6 It is considered as investment
A. Construction of a house
B. Purchase of an old house
C. Salaries of college professors
D. a and b above
7 Consumption spending does NOT include.
A. Household's purchases of clothes
B. Household's purchase of a car
C. Household's paymnet of rent for an apartment
D. Household's purchase of shares of a business corporation
8 Threre are methods of measurieng natinal income
A. 5
B. 4
C. 2
D. 3
9 The largest part of national income goes to
A. Consumption
B. Investment
C. Saving
D. Transfer payment
10 It is not included in estimation of national incoe
A. Illegal income
B. Services of house wife
C. Imports
D. All are not included

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  • Zarri

    Zarri

    06 Dec 2017

    I want to fill the quiz

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