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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
In circular flow model
Question # 2
If we deduct direct tax from personal income we get.
Question # 3
If govermment increases taxes pivate savings.
Question # 4
To determine the correct level of GNP ,it is necessary to.
Question # 5
It is avoided to make correct estimate of national income.
Question # 6
In calculating national income which one will NOT be included.
Question # 7
Investment spending included the purchase of.
Question # 8
Gross nationa product includes
Question # 9
Transfer payments include.
Question # 10
It is counted in GDP
Question # 11
National Income is.
Question # 12
It is transfer payment
Question # 13
Total value fo all final goods and services produced annually by a country.
Question # 14
We measure natonalincome by this method.
Question # 15
Which statment is true
Question # 16
A closed economy is best described as one in which
Question # 17
Corporae tax is levied on
ICS Part 2 Economics English Medium Chapter 1 Test
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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 -
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ICS Part II Economics Chapter 0 Important MCQ's
| Sr.# | Question | Answer |
|---|---|---|
| 1 | GNP is always. |
A. Less than NNP
B. Grether than NNP
C. Equal to NNP
D. Is found from NNP
|
| 2 | It is not included in estimation of national incoe |
A. Illegal income
B. Services of house wife
C. Imports
D. All are not included
|
| 3 | The goods which arw used directly by the people are called. |
A. Consumer goods
B. Capital good
C. Direct good
D. None
|
| 4 | Transfer payments means. |
A. Bank loans
B. The payment without work
C. Payments made to all factors of production
D. Tax payments
|
| 5 | If saving exceed investment then |
A. National income rises
B. National income falls
C. National income is not affected
D. None of the above
|
| 6 | We measure natonalincome by this method. |
A. Expenditure method
B. Income method
C. Product method
D. As of the above
|
| 7 | National Income is. |
A. Total Income earned in producing the national product
B. All taxes plus govt. spending
C. Sum of personal income and saving
D. NNP minus the capital consumption allowance
|
| 8 | The have a functional relation |
A. Consumption and national income
B. Consumption and saving
C. Consumption and investment
D. All of the above
|
| 9 | 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.
|
| 10 | Whis is the largest figure |
A. NNP
B. GNP
C. DPI
D. PI
|
Test Questions