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

If saving exceed investment then

Question # 2

National Income = Ntional Expenditure is an

Question # 3

A TV set purchased from a retail store is an example of.

Question # 4

Which statment is true

Question # 5

It is considered as investment

Question # 6

Consumption spending does NOT include.

Question # 7

If indirect taxes are deducted from NNP and subsidies are added. we achieve

Question # 8

It is duducted from GNP to find NNP

Question # 9

GNP is

Question # 10

If we include it. national income will be over estimated

Question # 11

The four factor payments are.

Question # 12

Transfer payments means.

Question # 13

Per capita Incom is.

Question # 14

The goods which arw used directly by the people are called.

Question # 15

Investment spending included the purchase of.

Question # 16

Gross nationa product includes

Question # 17

Direct taxes are not included in

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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 We measure natonalincome by this method.
A. Expenditure method
B. Income method
C. Product method
D. As of the above
2 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
3 GNP is always.
A. Less than NNP
B. Grether than NNP
C. Equal to NNP
D. Is found from NNP
4 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
5 Macroeconomics is concerned with.
A. Aggregate economic activity
B. Spending decisions of households
C. Hod to produce goods
D. How tobuy stocks and bonds
6 Personal income includes.
A. Direct taxes
B. Indirect taxes
C. Depreciation
D. None of the above
7 It is duducted from GNP to find NNP
A. Saving
B. Direct taxes
C. Depreciatin allowance
D. Subsidies
8 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
9 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
10 If indirect taxes are deducted from NNP and subsidies are added. we achieve
A. Personla savings
B. DPI
C. National Income
D. Percapita inocme

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