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ICS Part 2 Economics English Medium Chapter 1 Test
Start Chapter 1 TestICS Part 2 Economics English Medium Chapter Wise MCQ's 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"
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Total Questions17
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Time Allowed20
ICS Part 2 Economics English Medium Chapter 1 Online Test
00:00
Question # 1
Threre are methods of measurieng natinal income
Question # 2
Transfer payments are not included in national income becaues.
Question # 3
If we deduct direct tax from personal income we get.
Question # 4
Per capita Incom is.
Question # 5
It is considred as transfer payments
Question # 6
National Income = Ntional Expenditure is an
Question # 7
In circular flow model
Question # 8
It is transfer payment
Question # 9
If govermment increases taxes pivate savings.
Question # 10
Country is poor if it has.
Question # 11
PI is equivalent to
Question # 12
Which of the following would NOT be included in GNP
Question # 13
Total value fo all final goods and services produced annually by a country.
Question # 14
In erms of national income accounts, multiple counting efers to.
Question # 15
GNP is always.
Question # 16
Market value of all final goods and services produced in a country during a year is definition
Question # 17
A TV set purchased from a retail store is an example of.
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
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M M.Attiq-U-Rehman 26 - Nov - 2023 02 Min 23 Sec 16/17 -
M Masooma Zainab 14 - Sep - 2026 03 Min 31 Sec 15/17 -
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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 | Investment spending included the purchase of. |
A. Lottery coupon
B. Prize Bond
C. Residential construction
D. all of the above
|
| 2 | The four factor payments are. |
A. Money, Capital, salaries, and income
B. Wages, rent internest and profts
C. Money, power, Prices, and wwalth
D. Wags, intrest, salareis,andtaxes.
|
| 3 | 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
|
| 4 | A closed economy is best described as one in which |
A. thre are no monopolies
B. No corporations
C. No extemalities
D. No international trade
|
| 5 | Whis is the largest figure |
A. NNP
B. GNP
C. DPI
D. PI
|
| 6 | The have a functional relation |
A. Consumption and national income
B. Consumption and saving
C. Consumption and investment
D. All of the above
|
| 7 | It is avoided to make correct estimate of national income. |
A. Free services
B. Double counting
C. Export earnings
D. All of the above
|
| 8 | If C= 200 and I= 40 Than Y will equal |
A. 160
B. 240
C. 200
D. 8000
|
| 9 | Which statment is true |
A. NNP =GNP- Deprection
B. NNP =N1
C. NNP = DPI
D. NNP = GNP + Depreciation
|
| 10 | Transfer payments include. |
A. Daily wages, pensions
B. Pensions Zakat
C. Taxes, pocket money
D. Zakat , taxes
|
Test Questions