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

Which measure has the larger value .

Question # 2

Which of the following would NOT be included in GNP

Question # 3

Which statment is true

Question # 4

In circular flow model

Question # 5

The largest type of income in the Pakistan is

Question # 6

When National income is estimated by expenditue method we include.

Question # 7

Transfer payments means.

Question # 8

PI is equivalent to

Question # 9

If saving exceed investment then

Question # 10

National income is a measure of

Question # 11

Net investment is

Question # 12

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

Question # 13

National Income = Ntional Expenditure is an

Question # 14

The largest part of national income goes to

Question # 15

To determine the correct level of GNP ,it is necessary to.

Question # 16

Corporae tax is levied on

Question # 17

The four factor payments are.

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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 The goods which arw used directly by the people are called.
A. Consumer goods
B. Capital good
C. Direct good
D. None
2 Personal income includes.
A. Direct taxes
B. Indirect taxes
C. Depreciation
D. None of the above
3 GNP is
A. Total Sales in the economy
B. Total monetary transactions in an economy
C. Sum of market values of all goods and services prodcued in an economy
D. Totla spending in an economy
4 The largest type of income in the Pakistan is
A. Compensation of employees
B. Rental income
C. Proprietors income
D. Coporate profits
5 Net investment is
A. Gross investment minus household investment
B. Gross investment minus govt. investment
C. Gross investment minus capital consumption allowance
D. None of the above
6 Which is a flow concept.
A. Number of my shirts
B. My montly income
C. My total wealth
D. Money Supply
7 Govt. transfer payment include
A. Social security benefits
B. Welfare benefits
C. Student scholarships
D. All of the above
8 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
9 Which statment is true
A. NNP =GNP- Deprection
B. NNP =N1
C. NNP = DPI
D. NNP = GNP + Depreciation
10 If we deduct direct tax from personal income we get.
A. Net National income
B. Disposable income
C. Personal saving
D. Per capital income

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