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	Macroeconomics is concerned with.	A. Aggregate economic activity B. Spending decisions of households C. Hod to produce goods D. How tobuy stocks and bonds
2	Gross nationa product includes	A. A loan from one's parents B. A loan from a domestic bank C. A loan from other countries D. None of theabove
3	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
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	Investment spending included the purchase of.	A. Lottery coupon B. Prize Bond C. Residential construction D. all of the above
6	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
7	GNP is always.	A. Less than NNP B. Grether than NNP C. Equal to NNP D. Is found from NNP
8	In economics one of more persons living in a joint family are called a	A. Community B. Social gathering C. Super family D. Household
9	Whis is the largest figure	A. NNP B. GNP C. DPI D. PI
10	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