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1st Chapter

12th Economics Chapter 1 Test

Here you can prepare 12th Economics English Medium Chapter 1 National Income Test. Click the button for 100% free full practice test.

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

This online test contains MCQs about following topics:

. National accounting, National incone, Concepts, GDP, GNP, NNP, Personal income, Disposable income, per capital income, Circular Flow of income, Measurement of National income, factors of National incone, Uses of national income statistics.

ICS Part 2 Economics Ch. 1 Test
ic

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

Sr. # Questions Answers Choice
1 If indirect taxes are deducted from NNP and subsidies are added. we achieve
  • A. Personla savings
  • B. DPI
  • C. National Income
  • D. Percapita inocme
2 When National income is estimated by expenditue method we include.
  • A. All govt expenditure
  • B. All houseolds expenditure
  • C. All of the above
  • D. All expenditure of the business sector
3 GNP is
  • A. Total Sales in the economy
  • B. Total monetary transactions in an economy
  • C. Sum of market values of all goods and services prodcued in an economy
  • D. Totla spending in an economy
4 It is avoided to make correct estimate of national income.
  • A. Free services
  • B. Double counting
  • C. Export earnings
  • D. All of the above
5 Transfer payments include.
  • A. Daily wages, pensions
  • B. Pensions Zakat
  • C. Taxes, pocket money
  • D. Zakat , taxes
6 Total value fo all final goods and services produced annually by a country.
  • A. NNP
  • B. GNP
  • C. GDP
  • D. NI
7 In economics one of more persons living in a joint family are called a
  • A. Community
  • B. Social gathering
  • C. Super family
  • D. Household
8 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
9 In calculating national income which one will NOT be included.
  • A. Exports
  • B. Old age pensions
  • C. Wages of lecturer
  • D. Undistributed profit by firms
10 Transfer payments means
  • A. Bank loans
  • B. The payment without work
  • C. Tax payments
  • D. Payments made to all factors of production

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

M

Muhammad Kashif

Lahore25 - Apr - 2024

14/17
05 Mins 12 Sec
M

Muhammad Kashif

Lahore25 - Apr - 2024

12/17
02 Mins 59 Sec
M

Muhammad Kashif

Lahore25 - Apr - 2024

12/17
04 Mins 22 Sec
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Mian Ubaid Ur Rehman

Lahore30 - Apr - 2024

11/17
04 Mins 35 Sec
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Mahsheed Kashif

Lahore09 - Apr - 2024

10/17
04 Mins 48 Sec
M

Muhammad Kashif

Lahore25 - Apr - 2024

10/17
05 Mins 03 Sec
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Jarrey Haider

Lahore27 - Apr - 2024

9/17
02 Mins 05 Sec
M

Mr Turbo

Lahore27 - Apr - 2024

9/17
03 Mins 56 Sec
A

Aman Mehmood

Lahore29 - Apr - 2024

9/17
04 Mins 35 Sec
A

AS_ ROCKS

Lahore23 - Apr - 2024

9/17
05 Mins 47 Sec

Chapterwise Lists

Chapter Name Questions PDF File
Economics Ics Part 2 English Medium Chapter 1 Online Test 17 Questions
Icom Part 2 Principles of Economics Chapter 1 English Medium Online Test 10 Questions
Economics Ics Part 2 English Medium Chapter 2 Online Test 17 Questions
Icom Part 2 Principles of Economics Chapter 2 English Medium Online Test 10 Questions
Economics Ics Part 2 English Medium Chapter 3 Online Test 17 Questions
Icom Part 2 Principles of Economics Chapter 3 English Medium Online Test 10 Questions
Economics Ics Part 2 English Medium Chapter 4 Online Test 17 Questions
Icom Part 2 Principles of Economics Chapter 4 English Medium Online Test 10 Questions
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Economics Ics Part 2 English Medium Chapter 5 Online Test 17 Questions
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Icom Part 2 Principles of Economics Chapter 7 English Medium Online Test 10 Questions
Economics Ics Part 2 English Medium Chapter 8 Online Test 17 Questions
Icom Part 2 Principles of Economics Chapter 8 English Medium Online Test 10 Questions
Economics Ics Part 2 English Medium Chapter 9 Online Test 17 Questions
Icom Part 2 Principles of Economics Chapter 9 English Medium Online Test 10 Questions
Economics Ics Part 2 English Medium Chapter 10 Online Test 17 Questions
Icom Part 2 Principles of Economics Chapter 10 English Medium Online Test 10 Questions
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Icom Part 2 Principles of Economics Chapter 11 English Medium Online Test 10 Questions
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Icom Part 2 Principles of Economics Chapter 12 English Medium Online Test 10 Questions
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Icom Part 2 Principles of Economics Chapter 13 English Medium Online Test 10 Questions

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