12th class Economics chapter 1 online mcq test with answers for ICS part 2 Economics chapter 1 (National Income)

Top Scorers Of Chapter 0 "ICS Part 2 Economics English Medium Chapter 1 Online Test" MCQ`s Test

Sr.#	Question	Answer
1	Country is poor if it has.	A. Less production of gods per capita B. Less amount of gold C. Less amout of foreign currency D. Less exports
2	Undisributed proits are considered.	A. Income enrned but not received B. Income eearned and received C. Income received but not earned D. None of the above
3	Threre are methods of measurieng natinal income	A. 5 B. 4 C. 2 D. 3
4	It is considred as transfer payments	A. Salaries of govet emplyees B. Bonus of bank employees C. Inemployment allowance paid by govt D. Free medical are to offers.
5	It is avoided to make correct estimate of national income.	A. Free services B. Double counting C. Export earnings D. All of the above
6	We measure natonalincome by this method.	A. Expenditure method B. Income method C. Product method D. As of the above
7	Total value of allfinal goods andservices produced annually by a country.	A. NNP B. GNP C. GDP D. NI
8	It is duducted from GNP to find NNP	A. Saving B. Direct taxes C. Depreciatin allowance D. Subsidies
9	Circular flow of income links	A. Income expenditure B. Govt taxes govt expenditure C. Exports ,imports D. Saving and investment
10	Transfer payments means.	A. Bank loans B. The payment without work C. Payments made to all factors of production D. Tax payments