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

00:00
Question # 1

Macroeconomics is concerned with.

Question # 2

Which statment is true

Question # 3

GNP includes

Question # 4

Transfer payments are not included in national income becaues.

Question # 5

Undisributed proits are considered.

Question # 6

It is considred as transfer payments

Question # 7

Total value fo all final goods and services produced annually by a country.

Question # 8

Direct taxes are not included in

Question # 9

Market value of all final goods and services produced in a country during a year is definition

Question # 10

Transfer payments means

Question # 11

In erms of national income accounts, multiple counting efers to.

Question # 12

Transfer payments means.

Question # 13

Which statment is true

Question # 14

National Income is.

Question # 15

Corporae tax is levied on

Question # 16

If we deduct direct tax from personal income we get.

Question # 17

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

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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 It is considred as transfer payments
A. Salaries of govet emplyees
B. Bonus of bank employees
C. Inemployment allowance paid by govt
D. Free medical are to offers.
2 We measure natonalincome by this method.
A. Expenditure method
B. Income method
C. Product method
D. As of the above
3 To determine the correct level of GNP ,it is necessary to.
A. Add up the values of goods and services during one year
B. Add up allsavings
C. Count all imports
D. Add up the value of semi finished goods
4 The have a functional relation
A. Consumption and national income
B. Consumption and saving
C. Consumption and investment
D. All of the above
5 If indirect taxes are deducted from NNP and subsidies are added. we achieve
A. Personla savings
B. DPI
C. National Income
D. Percapita inocme
6 Transfer payments include.
A. Daily wages, pensions
B. Pensions Zakat
C. Taxes, pocket money
D. Zakat , taxes
7 Circular flow of income links
A. Income expenditure
B. Govt taxes govt expenditure
C. Exports ,imports
D. Saving and investment
8 Macroeconomics is concerned with.
A. Aggregate economic activity
B. Spending decisions of households
C. Hod to produce goods
D. How tobuy stocks and bonds
9 Which statment is true
A. NNP =GNP- Deprection
B. NNP =N1
C. NNP = DPI
D. NNP = GNP + Depreciation
10 Threre are methods of measurieng natinal income
A. 5
B. 4
C. 2
D. 3

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  • Zarri

    Zarri

    06 Dec 2017

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