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1st Chapter

12th Economics Chapter 1 Test

Here you can prepare 12th Economics English Medium Chapter 1 National Income Test. Click the button for 100% free full practice test.

2nd Year Economics Chapter 1 Online MCQ Test for 12th Class Economics Chapter 1 (National Income)

This online test contains MCQs about following topics:

. National accounting, National incone, Concepts, GDP, GNP, NNP, Personal income, Disposable income, per capital income, Circular Flow of income, Measurement of National income, factors of National incone, Uses of national income statistics.

ICS Part 2 Economics Ch. 1 Test
ic

2nd Year Economics Chapter 1 Online MCQ Test for 12th Class Economics Chapter 1 (National Income)

Sr. # Questions Answers Choice
1 Total value of all final goods and services produced annually by a country
  • A. NNP
  • B. GNP
  • C. GDP
  • D. NI
2 Personal income included
  • A. Direct taxes
  • B. Indirect taxes
  • C. Depreciation
  • D. None of these
3 If C=200 and I =40 then Y will equal
  • A. 160
  • B. 240
  • C. 200
  • D. 8000
4 If government increases taxes, private saving.
  • A. Increase
  • B. Decrease
  • C. do not change
  • D. will become zero
5 It is considered as transfer payments
  • A. Salaries of an employee
  • B. Bonus of bank employees
  • C. Wages of laborers
  • D. Unemployment allowance paid by govt.
6 Which of the following is transfer payment
  • A. Payment of college tuition
  • B. A social security payment
  • C. An interest payment
  • D. Payment for a leased car
7 Real national income increses when
  • A. Prices of goods are rising
  • B. National savings increse
  • C. quantity of goods and services increases
  • D. none of the above
8 It is included in kinds of money
  • A. Legal money
  • B. credit money
  • C. token money
  • D. all of the above
9 To determine the correct level of GNP, it is necessary to
  • A. To add up the values of goods and services during one year
  • B. Add up all savings
  • C. To count all imports
  • D. To add up the value of semi finished goods
10 Corporate tax is levied on
  • A. Landlords
  • B. Municipal corporations
  • C. Big companies
  • D. Importers

Top Scorers of Economics Ics Part 2 English Medium Chapter 1 Online Test

H

Hamza Abid

Abbottabad12 - May - 2022

16/17
10 Mins 50 Sec
H

Hamza Abid

Abbottabad12 - May - 2022

14/17
10 Mins 50 Sec
H

Hamza Abid

Abbottabad12 - May - 2022

12/17
10 Mins 50 Sec
H

Hamza Abid

Abbottabad12 - May - 2022

11/17
10 Mins 50 Sec

Chapterwise Lists

Chapter Name Questions PDF File
Economics Ics Part 2 English Medium Chapter 1 Online Test 17 Questions
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