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

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Question # 1

Transfer payments means

Question # 2

National Income is.

Question # 3

National income is a measure of

Question # 4

When National income is estimated by expenditue method we include.

Question # 5

Which of the following would NOT be included in GNP

Question # 6

In calculating national income which one will NOT be included.

Question # 7

It is transfer payment

Question # 8

Circular flow of income links

Question # 9

Country is poor if it has.

Question # 10

Threre are methods of measurieng natinal income

Question # 11

It would increase the lvel of national income.

Question # 12

To determine the correct level of GNP ,it is necessary to.

Question # 13

It is considered as investment

Question # 14

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

Question # 15

The largest type fo in come in the Pakistan is

Question # 16

It is counted in GDP

Question # 17

If we deduct direct tax from personal income we get.

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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 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
2 Which measure has the larger value .
A. NNP
B. GNP
C. GDP
D. NI
3 Direct taxes are not included in
A. DPI
B. PI
C. NNP
D. a and c above
4 Whis is the largest figure
A. NNP
B. GNP
C. DPI
D. PI
5 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
6 Net investment is
A. Gross investment minus household investment
B. Gross investment minus govt. investment
C. Gross investment minus capital consumption allowance
D. None of the above
7 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
8 Which is a flow concept.
A. Number of my shirts
B. My montly income
C. My total wealth
D. Money Supply
9 It is considered as investment
A. Construction of a house
B. Purchase of an old house
C. Salaries of college professors
D. a and b above
10 Which statment is true
A. NNP =GNP- Deprection
B. NNP =N1
C. NNP = DPI
D. NNP = GNP + Depreciation

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  • Zarri

    Zarri

    06 Dec 2017

    I want to fill the quiz

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