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	Total value fo all final goods and services produced annually by a country.	A. NNP B. GNP C. GDP D. NI
2	The goods which arw used directly by the people are called.	A. Consumer goods B. Capital good C. Direct good D. None
3	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
4	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
5	If saving exceed investment then	A. National income rises B. National income falls C. National income is not affected D. None of the above
6	If indirect taxes are deducted from NNP and subsidies are added. we achieve	A. Personla savings B. DPI C. National Income D. Percapita inocme
7	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
8	Net Exports are	A. Total Exports plus total imports B. Total exports minus total imports C. Total exports divided by total imports D. Total imports minus total exports
9	Total value of allfinal goods andservices produced annually by a country.	A. NNP B. GNP C. GDP D. NI
10	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