1st Chapter

ICS Part 2 Economics English Medium Chapter 1 Test

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

ICS Part 2 Economics English Medium Chapter 1 Test

Start Chapter 1 Test

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

Sr. # Questions Answers Choice
1 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
2 Threre are methods of measurieng natinal income
  • A. 5
  • B. 4
  • C. 2
  • D. 3
3 Which measure has the larger value .
  • A. NNP
  • B. GNP
  • C. GDP
  • D. NI
4 Macroeconomics is concerned with.
  • A. Aggregate economic activity
  • B. Spending decisions of households
  • C. Hod to produce goods
  • D. How tobuy stocks and bonds
5 Which is a flow concept.
  • A. Number of my shirts
  • B. My montly income
  • C. My total wealth
  • D. Money Supply
6 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
7 If C= 200 and I= 40 Than Y will equal
  • A. 160
  • B. 240
  • C. 200
  • D. 8000
8 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
9 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
10 If indirect taxes are deducted from NNP and subsidies are added. we achieve
  • A. Personla savings
  • B. DPI
  • C. National Income
  • D. Percapita inocme

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

M

Muhammad Hassan

Lahore29 - Apr - 2025

16/17
02 Mins 55 Sec
T

Tomboy Tomboy

Lahore09 - Apr - 2025

16/17
03 Mins 09 Sec
M

Muhammad Hassan

Lahore26 - Apr - 2025

15/17
03 Mins 09 Sec
A

Alfalah

Lahore27 - Apr - 2025

14/17
06 Mins 36 Sec
T

Tomboy Tomboy

Lahore09 - Apr - 2025

13/17
03 Mins 33 Sec
T

Tomboy Tomboy

Lahore09 - Apr - 2025

11/17
04 Mins 03 Sec
I

Irshad Hussain

Lahore17 - Apr - 2025

11/17
04 Mins 06 Sec
A

Alfalah

Lahore27 - Apr - 2025

11/17
08 Mins 19 Sec
A

Afra Afzal

Lahore29 - Apr - 2025

11/17
12 Mins 15 Sec
M

Maqsood Akhtar

Lahore30 - Jun - 2025

10/17
05 Mins 42 Sec
S

Saira Irshad

Lahore15 - May - 2025

9/17
06 Mins 08 Sec

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    Zarri

    06 Dec 2017

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