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	Govt. transfer payment include	A. Social security benefits B. Welfare benefits C. Student scholarships D. All of the above
2	In circular flow model	A. Govt. owns productive resources B. Firms own productive resources C. Households own productive resorces D. Rent of land is not included
3	In economics one of more persons living in a joint family are called a	A. Community B. Social gathering C. Super family D. Household
4	It is transfer payment	A. Payment o college tuition B. A social securiy payment C. Payment for a leased car D. Intrest paid for a bank loan
5	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
6	GNP is always.	A. Less than NNP B. Grether than NNP C. Equal to NNP D. Is found from NNP
7	If we include it. national income will be over estimated	A. Transfer payment B. Income from abroad C. Illegal income D. Exports
8	The largest part of national income goes to	A. Consumption B. Investment C. Saving D. Transfer payment
9	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
10	GNP includes	A. A Loan from a bank B. A loan from one's parents C. A brokers commission D. Gilfts and donations