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

Start Chapter 1 Test

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

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

  • Total Questions17

  • Time Allowed20

ICS Part 2 Economics English Medium Chapter 1 Online Test

00:00
Question # 1

Circular flow of income links

Question # 2

It is duducted from GNP to find NNP

Question # 3

A closed economy is best described as one in which

Question # 4

Total value of allfinal goods andservices produced annually by a country.

Question # 5

Corporae tax is levied on

Question # 6

The largest part of national income goes to

Question # 7

In circular flow model

Question # 8

Country is poor if it has.

Question # 9

If we deduct direct tax from personal income we get.

Question # 10

The four factor payments are.

Question # 11

Investment spending included the purchase of.

Question # 12

It is considred as transfer payments

Question # 13

Macroeconomics is concerned with.

Question # 14

PI is equivalent to

Question # 15

To determine the correct level of GNP ,it is necessary to.

Question # 16

Gross nationa product includes

Question # 17

Net investment is

Prepare Complete Set Wise Chapter 0 "ICS Part 2 Economics English Medium Chapter 1 Online Test" MCQs Online With Answers


Topic Test

00:00
1st Chapter

ICS Part 2 Economics English Medium Chapter 1 Test

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

  • Z
    Zureen Abid 24 - Sep - 2024 01 Min 43 Sec 17/17
  • M
    M.Attiq-U-Rehman 26 - Nov - 2023 02 Min 23 Sec 16/17
  • M
    Muhammad Kashif 25 - Apr - 2024 05 Min 12 Sec 14/17
  • H
    Hasnain Mushtaq 22 - May - 2023 00 Min 03 Sec 12/17
  • L
    Lishay_1921 03 - Nov - 2023 06 Min 19 Sec 12/17
  • H
    Hussain Ahmad 23 - May - 2023 03 Min 35 Sec 11/17
  • Z
    Zahra Haq 02 - Jan - 2024 04 Min 24 Sec 11/17
  • M
    Mian Ubaid Ur Rehman 30 - Apr - 2024 04 Min 35 Sec 11/17
  • K
    kinza iman dar 30 - Oct - 2024 07 Min 24 Sec 11/17
  • H
    Hania Mughal 13 - Jun - 2023 03 Min 09 Sec 10/17
  • M
    Manoo Khan 15 - Feb - 2024 03 Min 30 Sec 10/17
  • M
    Maha Butt 15 - Jul - 2023 03 Min 50 Sec 10/17
  • A
    Ayesha Gull 28 - Dec - 2023 04 Min 15 Sec 10/17
  • M
    mahsheed kashif 09 - Apr - 2024 04 Min 48 Sec 10/17
  • Q
    Qazi Mohid 08 - Jun - 2026 07 Min 51 Sec 10/17

ICS Part II Economics Chapter 0 Important MCQ's

Sr.# Question Answer
1 It is not included in estimation of national incoe
A. Illegal income
B. Services of house wife
C. Imports
D. All are not included
2 Total value fo all final goods and services produced annually by a country.
A. NNP
B. GNP
C. GDP
D. NI
3 If we deduct direct tax from personal income we get.
A. Net National income
B. Disposable income
C. Personal saving
D. Per capital income
4 Transfer payments means
A. Bank loans
B. The payment without work
C. Tax payments
D. Payments made to all factors of production
5 Macroeconomics is concerned with.
A. Aggregate economic activity
B. Spending decisions of households
C. Hod to produce goods
D. How tobuy stocks and bonds
6 Net investment is
A. Gross investment minus household investment
B. Gross investment minus govt. investment
C. Gross investment minus capital consumption allowance
D. None of the above
7 Market value of all final goods and services produced in a country during a year is definition
A. GNP
B. NNP
C. NI
D. Consumption
8 PI is equivalent to
A. DPI Minus personal taxes
B. DIP Plus unerned receipts
C. DPI Minus income earned but not received
D. NI plus unearned receipts minus personal taxes
9 Threre are methods of measurieng natinal income
A. 5
B. 4
C. 2
D. 3
10 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

Test Questions

Share your comments & questions here

Guest
  • Zarri

    Zarri

    06 Dec 2017

    I want to fill the quiz

    Like
    Reply