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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
Undisributed proits are considered.
Question # 2
A closed economy is best described as one in which
Question # 3
Corporae tax is levied on
Question # 4
Govt. transfer payment include
Question # 5
It is avoided to make correct estimate of national income.
Question # 6
Total value fo all final goods and services produced annually by a country.
Question # 7
If we deduct direct tax from personal income we get.
Question # 8
If we include it. national income will be over estimated
Question # 9
Market value of all final goods and services produced in a country during a year is definition
Question # 10
It is counted in GDP
Question # 11
The have a functional relation
Question # 12
Consumption spending does NOT include.
Question # 13
Transfer payments means
Question # 14
Whis is the largest figure
Question # 15
Transfer payments means.
Question # 16
Direct taxes are not included in
Question # 17
In erms of national income accounts, multiple counting efers to.
ICS Part 2 Economics English Medium Chapter 1 Test
Top Scorers Of Chapter 0 "ICS Part 2 Economics English Medium Chapter 1 Online Test" MCQ`s Test
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Z Zureen Abid 24 - Sep - 2024 01 Min 43 Sec 17/17 -
M M.Attiq-U-Rehman 26 - Nov - 2023 02 Min 23 Sec 16/17 -
M Muhammad Kashif 25 - Apr - 2024 05 Min 12 Sec 14/17 -
H Hasnain Mushtaq 22 - May - 2023 00 Min 03 Sec 12/17 -
L Lishay_1921 03 - Nov - 2023 06 Min 19 Sec 12/17 -
S Samar Amer 04 - Apr - 2023 01 Min 42 Sec 11/17 -
H Hussain Ahmad 23 - May - 2023 03 Min 35 Sec 11/17 -
Z Zahra Haq 02 - Jan - 2024 04 Min 24 Sec 11/17 -
M Mian Ubaid Ur Rehman 30 - Apr - 2024 04 Min 35 Sec 11/17 -
K kinza iman dar 30 - Oct - 2024 07 Min 24 Sec 11/17 -
H Hania Mughal 13 - Jun - 2023 03 Min 09 Sec 10/17 -
M Manoo Khan 15 - Feb - 2024 03 Min 30 Sec 10/17 -
M Maha Butt 15 - Jul - 2023 03 Min 50 Sec 10/17 -
A Ayesha Gull 28 - Dec - 2023 04 Min 15 Sec 10/17 -
M mahsheed kashif 09 - Apr - 2024 04 Min 48 Sec 10/17
ICS Part II Economics Chapter 0 Important MCQ's
| Sr.# | Question | Answer |
|---|---|---|
| 1 | It is counted in GDP |
A. Sale price of an old car
B. A TV set produced this year but not sold
C. Purchase of 100 shares of PSO
D. The leisure people consume
|
| 2 | 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
|
| 3 | GNP includes |
A. A Loan from a bank
B. A loan from one's parents
C. A brokers commission
D. Gilfts and donations
|
| 4 | 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
|
| 5 | 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
|
| 6 | Which statment is true |
A. NNP =GNP- Deprection
B. NNP =N1
C. NNP = DPI
D. NNP = GNP + Depreciation
|
| 7 | Market value of all final goods and services produced in a country during a year is definition |
A. GNP
B. NNP
C. NI
D. Consumption
|
| 8 | If saving exceed investment then |
A. National income rises
B. National income falls
C. National income is not affected
D. None of the above
|
| 9 | GNP is always. |
A. Less than NNP
B. Grether than NNP
C. Equal to NNP
D. Is found from NNP
|
| 10 | National Income = Ntional Expenditure is an |
A. Equation
B. Identity
C. Function
D. None
|
Test Questions