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

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MCQ's Test For Chapter 0 "ICS Part 2 Economics English Medium Chapter 1 Online Test"

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ICS Part 2 Economics English Medium Chapter 1 Online Test

00:00
Question # 1

If indirect taxes are deducted from NNP and subsidies are added. we achieve

Question # 2

Which is a flow concept.

Question # 3

The goods which arw used directly by the people are called.

Question # 4

In erms of national income accounts, multiple counting efers to.

Question # 5

The largest type of income in the Pakistan is

Question # 6

Which measure has the larger value .

Question # 7

Personal income includes.

Question # 8

It is avoided to make correct estimate of national income.

Question # 9

Per capita Incom is.

Question # 10

Transfer payments means.

Question # 11

Gross nationa product includes

Question # 12

It is counted in GDP

Question # 13

If saving exceed investment then

Question # 14

Threre are methods of measurieng natinal income

Question # 15

In economics one of more persons living in a joint family are called a

Question # 16

Which of the followign is not included in personali income

Question # 17

The have a functional relation

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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 Country is poor if it has.
A. Less production of gods per capita
B. Less amount of gold
C. Less amout of foreign currency
D. Less exports
2 In economics one of more persons living in a joint family are called a
A. Community
B. Social gathering
C. Super family
D. Household
3 The largest type fo in come in the Pakistan is
A. Compensation of employees
B. Propretors income
C. Rental income
D. Corporate profits
4 Circular flow of income links
A. Income expenditure
B. Govt taxes govt expenditure
C. Exports ,imports
D. Saving and investment
5 In erms of national income accounts, multiple counting efers to.
A. The addition to GNP of multiple units of a good
B. Counting cureently producedgoods more than once
C. The inclusion in GNP of gross spending and taxes
D. Counting both goods and services
6 The goods which arw used directly by the people are called.
A. Consumer goods
B. Capital good
C. Direct good
D. None
7 Macroeconomics is concerned with.
A. Aggregate economic activity
B. Spending decisions of households
C. Hod to produce goods
D. How tobuy stocks and bonds
8 It is not included in estimation of national incoe
A. Illegal income
B. Services of house wife
C. Imports
D. All are not included
9 Transfer payments are not included in national income becaues.
A. Such payments are made to persons livnig abroad
B. Double counting would result
C. They are illegal
D. There is no method to account for these
10 It is avoided to make correct estimate of national income.
A. Free services
B. Double counting
C. Export earnings
D. All of the above

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  • Zarri

    Zarri

    06 Dec 2017

    I want to fill the quiz

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