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

Top Scorers Of Chapter 0 "ICS Part 2 Economics English Medium Chapter 1 Online Test" MCQ`s Test

Sr.#	Question	Answer
1	The four factor payments are.	A. Money, Capital, salaries, and income B. Wages, rent internest and profts C. Money, power, Prices, and wwalth D. Wags, intrest, salareis,andtaxes.
2	Govt. transfer payment include	A. Social security benefits B. Welfare benefits C. Student scholarships D. All of the above
3	The largest part of national income goes to	A. Consumption B. Investment C. Saving D. Transfer payment
4	The goods which arw used directly by the people are called.	A. Consumer goods B. Capital good C. Direct good D. None
5	If govermment increases taxes pivate savings.	A. Increase B. Decrease C. Do not change D. Will become zero
6	Transfer payments means	A. Bank loans B. The payment without work C. Tax payments D. Payments made to all factors of production
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	Consumption spending does NOT include.	A. Household's purchases of clothes B. Household's purchase of a car C. Household's paymnet of rent for an apartment D. Household's purchase of shares of a business corporation
9	If indirect taxes are deducted from NNP and subsidies are added. we achieve	A. Personla savings B. DPI C. National Income D. Percapita inocme
10	If C= 200 and I= 40 Than Y will equal	A. 160 B. 240 C. 200 D. 8000