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ICS Part 2 Economics English Medium Chapter 1 Test
Start Chapter 1 TestICS Part 2 Economics English Medium Chapter Wise MCQ's Test
MCQ's Test For Chapter 0 "ICS Part 2 Economics English Medium Chapter 1 Online Test"
Try The MCQ's Test For Chapter 0 "ICS Part 2 Economics English Medium Chapter 1 Online Test"
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Total Questions17
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Time Allowed20
ICS Part 2 Economics English Medium Chapter 1 Online Test
00:00
Question # 1
If we deduct direct tax from personal income we get.
Question # 2
Total value fo all final goods and services produced annually by a country.
Question # 3
If we include it. national income will be over estimated
Question # 4
It is avoided to make correct estimate of national income.
Question # 5
Threre are methods of measurieng natinal income
Question # 6
Corporae tax is levied on
Question # 7
Per capita Incom is.
Question # 8
In erms of national income accounts, multiple counting efers to.
Question # 9
We measure natonalincome by this method.
Question # 10
The have a functional relation
Question # 11
Net investment is
Question # 12
A closed economy is best described as one in which
Question # 13
Net Exports are
Question # 14
It is counted in GDP
Question # 15
In economics one of more persons living in a joint family are called a
Question # 16
Which statment is true
Question # 17
Consumption spending does NOT include.
ICS Part 2 Economics English Medium Chapter 1 Test
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ICS Part II Economics Chapter 0 Important MCQ's
| Sr.# | Question | Answer |
|---|---|---|
| 1 | National income is a measure of |
A. The zise of government revenue
B. Payments made to facor of production
C. Production f goods per day
D. Total working hours
|
| 2 | Which measure has the larger value . |
A. NNP
B. GNP
C. GDP
D. NI
|
| 3 | It would increase the lvel of national income. |
A. An increase in taxation
B. A reduction in governmnet spending
C. An increase in exports
D. Students scholarships
|
| 4 | The have a functional relation |
A. Consumption and national income
B. Consumption and saving
C. Consumption and investment
D. All of the above
|
| 5 | If we deduct direct tax from personal income we get. |
A. Net National income
B. Disposable income
C. Personal saving
D. Per capital income
|
| 6 | Which statment is true |
A. National Income = Naional expenditure - indirettaxes
B. N1 =GNP -NNP
C. N1 =P1
D. NI =NNP-Indirect taxes
|
| 7 | Direct taxes are not included in |
A. DPI
B. PI
C. NNP
D. a and c above
|
| 8 | Which of the followign is not included in personali income |
A. Social security benefits
B. Dividend payments
C. Undistributed corporate profits
D. Interest received from of saving certificates
|
| 9 | GNP is always. |
A. Less than NNP
B. Grether than NNP
C. Equal to NNP
D. Is found from NNP
|
| 10 | Transfer payments means. |
A. Bank loans
B. The payment without work
C. Payments made to all factors of production
D. Tax payments
|
Test Questions