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	The goods which arw used directly by the people are called.	A. Consumer goods B. Capital good C. Direct good D. None
2	Threre are methods of measurieng natinal income	A. 5 B. 4 C. 2 D. 3
3	The largest type fo in come in the Pakistan is	A. Compensation of employees B. Propretors income C. Rental income D. Corporate profits
4	Circular flow of income links	A. Income expenditure B. Govt taxes govt expenditure C. Exports ,imports D. Saving and investment
5	It is counted in GDP	A. Sale price of an old car B. A TV set produced this year but not sold C. Purchase of 100 shares of PSO D. The leisure people consume
6	Transfer payments means	A. Bank loans B. The payment without work C. Tax payments D. Payments made to all factors of production
7	National Income = Ntional Expenditure is an	A. Equation B. Identity C. Function D. None
8	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
9	Which is a flow concept.	A. Number of my shirts B. My montly income C. My total wealth D. Money Supply
10	Investment spending included the purchase of.	A. Lottery coupon B. Prize Bond C. Residential construction D. all of the above