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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
Transfer payments means.
Question # 2
Personal income includes.
Question # 3
If we deduct direct tax from personal income we get.
Question # 4
In economics one of more persons living in a joint family are called a
Question # 5
National income is a measure of
Question # 6
It is not included in estimation of national incoe
Question # 7
Corporae tax is levied on
Question # 8
Which of the following would NOT be included in GNP
Question # 9
If saving exceed investment then
Question # 10
In erms of national income accounts, multiple counting efers to.
Question # 11
Which of the followign is not included in personali income
Question # 12
If govermment increases taxes pivate savings.
Question # 13
It is considered as investment
Question # 14
If C= 200 and I= 40 Than Y will equal
Question # 15
Total value fo all final goods and services produced annually by a country.
Question # 16
Circular flow of income links
Question # 17
Consumption spending does NOT include.
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 -
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ICS Part II Economics Chapter 0 Important MCQ's
| Sr.# | Question | Answer |
|---|---|---|
| 1 | A closed economy is best described as one in which |
A. thre are no monopolies
B. No corporations
C. No extemalities
D. No international trade
|
| 2 | In erms of national income accounts, multiple counting efers to. |
A. The addition to GNP of multiple units of a good
B. Counting cureently producedgoods more than once
C. The inclusion in GNP of gross spending and taxes
D. Counting both goods and services
|
| 3 | It is duducted from GNP to find NNP |
A. Saving
B. Direct taxes
C. Depreciatin allowance
D. Subsidies
|
| 4 | Which of the following would NOT be included in GNP |
A. Govt. Transfer payments
B. Got. Purchase of an air plane
C. Payment for construction of highway
D. Salary paid for the presidents secretary
|
| 5 | Gross nationa product includes |
A. A loan from one's parents
B. A loan from a domestic bank
C. A loan from other countries
D. None of theabove
|
| 6 | GNP is always. |
A. Less than NNP
B. Grether than NNP
C. Equal to NNP
D. Is found from NNP
|
| 7 | If we deduct direct tax from personal income we get. |
A. Net National income
B. Disposable income
C. Personal saving
D. Per capital income
|
| 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 | Govt. transfer payment include |
A. Social security benefits
B. Welfare benefits
C. Student scholarships
D. All of the above
|
| 10 | If C= 200 and I= 40 Than Y will equal |
A. 160
B. 240
C. 200
D. 8000
|
Test Questions