1st Chapter

ICS Part 2 Economics English Medium Chapter 1 Test

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

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

Sr. # Questions Answers Choice
1 Macroeconomics is concerned with.
  • A. Aggregate economic activity
  • B. Spending decisions of households
  • C. Hod to produce goods
  • D. How tobuy stocks and bonds
2 Circular flow of income links
  • A. Income expenditure
  • B. Govt taxes govt expenditure
  • C. Exports ,imports
  • D. Saving and investment
3 Threre are methods of measurieng natinal income
  • A. 5
  • B. 4
  • C. 2
  • D. 3
4 If saving exceed investment then
  • A. National income rises
  • B. National income falls
  • C. National income is not affected
  • D. None of the above
5 Transfer payments means
  • A. Bank loans
  • B. The payment without work
  • C. Tax payments
  • D. Payments made to all factors of production
6 Transfer payments are not included in national income becaues.
  • A. Such payments are made to persons livnig abroad
  • B. Double counting would result
  • C. They are illegal
  • D. There is no method to account for these
7 Which of the followign is not included in personali income
  • A. Social security benefits
  • B. Dividend payments
  • C. Undistributed corporate profits
  • D. Interest received from of saving certificates
8 In economics one of more persons living in a joint family are called a
  • A. Community
  • B. Social gathering
  • C. Super family
  • D. Household
9 It would increase the lvel of national income.
  • A. An increase in taxation
  • B. A reduction in governmnet spending
  • C. An increase in exports
  • D. Students scholarships
10 To determine the correct level of GNP ,it is necessary to.
  • A. Add up the values of goods and services during one year
  • B. Add up allsavings
  • C. Count all imports
  • D. Add up the value of semi finished goods

Top Scorers of ICS Part 2 Economics English Medium Chapter 1 Online Test

M

Mah E Kamil

Lahore14 - Mar - 2025

16/17
02 Mins 20 Sec
M

Muhammad Hassan

Lahore29 - Apr - 2025

16/17
02 Mins 55 Sec
T

Tomboy Tomboy

Lahore09 - Apr - 2025

16/17
03 Mins 09 Sec
M

Muhammad Hassan

Lahore26 - Apr - 2025

15/17
03 Mins 09 Sec
A

Alfalah

Lahore27 - Apr - 2025

14/17
06 Mins 36 Sec
T

Tomboy Tomboy

Lahore09 - Apr - 2025

13/17
03 Mins 33 Sec
T

Tomboy Tomboy

Lahore09 - Apr - 2025

11/17
04 Mins 03 Sec
M

Mah E Kamil

Lahore14 - Mar - 2025

11/17
04 Mins 03 Sec
I

Irshad Hussain

Lahore17 - Apr - 2025

11/17
04 Mins 06 Sec
A

Alfalah

Lahore27 - Apr - 2025

11/17
08 Mins 19 Sec
A

Afra Afzal

Lahore29 - Apr - 2025

11/17
12 Mins 15 Sec
G

Gujrati Updates

Lahore21 - Mar - 2025

10/17
05 Mins 03 Sec
S

Saad Sadiq

Lahore12 - Mar - 2025

9/17
02 Mins 40 Sec
S

Saira Irshad

Lahore15 - May - 2025

9/17
06 Mins 08 Sec

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    Zarri

    06 Dec 2017

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