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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
Which statment is true
Question # 2
GNP is
Question # 3
The goods which arw used directly by the people are called.
Question # 4
Which statment is true
Question # 5
It is considred as transfer payments
Question # 6
We measure natonalincome by this method.
Question # 7
If indirect taxes are deducted from NNP and subsidies are added. we achieve
Question # 8
A TV set purchased from a retail store is an example of.
Question # 9
Which of the following would NOT be included in GNP
Question # 10
Circular flow of income links
Question # 11
It is counted in GDP
Question # 12
Per capita Incom is.
Question # 13
The largest type fo in come in the Pakistan is
Question # 14
Market value of all final goods and services produced in a country during a year is definition
Question # 15
In calculating national income which one will NOT be included.
Question # 16
In circular flow model
Question # 17
Transfer payments means
ICS Part 2 Economics English Medium Chapter 1 Test
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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 | It is considered as investment |
A. Construction of a house
B. Purchase of an old house
C. Salaries of college professors
D. a and b above
|
| 2 | If we deduct direct tax from personal income we get. |
A. Net National income
B. Disposable income
C. Personal saving
D. Per capital income
|
| 3 | 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
|
| 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 | 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.
|
| 6 | Direct taxes are not included in |
A. DPI
B. PI
C. NNP
D. a and c above
|
| 7 | It is duducted from GNP to find NNP |
A. Saving
B. Direct taxes
C. Depreciatin allowance
D. Subsidies
|
| 8 | The have a functional relation |
A. Consumption and national income
B. Consumption and saving
C. Consumption and investment
D. All of the above
|
| 9 | Total value fo all final goods and services produced annually by a country. |
A. NNP
B. GNP
C. GDP
D. NI
|
| 10 | Transfer payments include. |
A. Daily wages, pensions
B. Pensions Zakat
C. Taxes, pocket money
D. Zakat , taxes
|
Test Questions