12th class Economics chapter 1 online mcq test with answers for ICS part 2 Economics chapter 1 (National Income)

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Sr.#	Question	Answer
1	Which statment is true	A. NNP =GNP- Deprection B. NNP =N1 C. NNP = DPI D. NNP = GNP + Depreciation
2	Direct taxes are not included in	A. DPI B. PI C. NNP D. a and c above
3	It is not included in estimation of national incoe	A. Illegal income B. Services of house wife C. Imports D. All are not included
4	In calculating national income which one will NOT be included.	A. Exports B. Old age pensions C. Wages of lecturer D. Undistributed profit by firms
5	Real national income increases when	A. Prics of goods are rising B. National savings increases C. Quantity of goods and services increases D. None of the above
6	If we include it. national income will be over estimated	A. Transfer payment B. Income from abroad C. Illegal income D. Exports
7	Corporae tax is levied on	A. Landdlords B. Inporters C. Big companies D. Municipal corporations
8	To determine the correct level of GNP ,it is necessary to.	A. Add up the values of goods and services during one year B. Add up allsavings C. Count all imports D. Add up the value of semi finished goods
9	Threre are methods of measurieng natinal income	A. 5 B. 4 C. 2 D. 3
10	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