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

Start Chapter 1 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"

  • Total Questions17

  • Time Allowed20

ICS Part 2 Economics English Medium Chapter 1 Online Test

00:00
Question # 1

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

Question # 2

We measure natonalincome by this method.

Question # 3

It would increase the lvel of national income.

Question # 4

Net Exports are

Question # 5

Consumption spending does NOT include.

Question # 6

National Income is.

Question # 7

It is counted in GDP

Question # 8

If we deduct direct tax from personal income we get.

Question # 9

It is transfer payment

Question # 10

When National income is estimated by expenditue method we include.

Question # 11

The have a functional relation

Question # 12

Country is poor if it has.

Question # 13

Which is a flow concept.

Question # 14

Direct taxes are not included in

Question # 15

Gross nationa product includes

Question # 16

If govermment increases taxes pivate savings.

Question # 17

It is considred as transfer payments

Prepare Complete Set Wise Chapter 0 "ICS Part 2 Economics English Medium Chapter 1 Online Test" MCQs Online With Answers


Topic Test

00:00
1st Chapter

ICS Part 2 Economics English Medium Chapter 1 Test

Top Scorers Of Chapter 0 "ICS Part 2 Economics English Medium Chapter 1 Online Test" MCQ`s Test

  • Z
    Zureen Abid 24 - Sep - 2024 01 Min 43 Sec 17/17
  • M
    M.Attiq-U-Rehman 26 - Nov - 2023 02 Min 23 Sec 16/17
  • M
    Muhammad Kashif 25 - Apr - 2024 05 Min 12 Sec 14/17
  • H
    Hasnain Mushtaq 22 - May - 2023 00 Min 03 Sec 12/17
  • L
    Lishay_1921 03 - Nov - 2023 06 Min 19 Sec 12/17
  • H
    Hussain Ahmad 23 - May - 2023 03 Min 35 Sec 11/17
  • Z
    Zahra Haq 02 - Jan - 2024 04 Min 24 Sec 11/17
  • M
    Mian Ubaid Ur Rehman 30 - Apr - 2024 04 Min 35 Sec 11/17
  • K
    kinza iman dar 30 - Oct - 2024 07 Min 24 Sec 11/17
  • H
    Hania Mughal 13 - Jun - 2023 03 Min 09 Sec 10/17
  • M
    Manoo Khan 15 - Feb - 2024 03 Min 30 Sec 10/17
  • M
    Maha Butt 15 - Jul - 2023 03 Min 50 Sec 10/17
  • A
    Ayesha Gull 28 - Dec - 2023 04 Min 15 Sec 10/17
  • M
    mahsheed kashif 09 - Apr - 2024 04 Min 48 Sec 10/17
  • Q
    Qazi Mohid 08 - Jun - 2026 07 Min 51 Sec 10/17

ICS Part II Economics Chapter 0 Important MCQ's

Sr.# Question Answer
1 Threre are methods of measurieng natinal income
A. 5
B. 4
C. 2
D. 3
2 GNP is always.
A. Less than NNP
B. Grether than NNP
C. Equal to NNP
D. Is found from NNP
3 If we deduct direct tax from personal income we get.
A. Net National income
B. Disposable income
C. Personal saving
D. Per capital income
4 National Income is.
A. Total Income earned in producing the national product
B. All taxes plus govt. spending
C. Sum of personal income and saving
D. NNP minus the capital consumption allowance
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 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
7 Total value fo all final goods and services produced annually by a country.
A. NNP
B. GNP
C. GDP
D. NI
8 If C= 200 and I= 40 Than Y will equal
A. 160
B. 240
C. 200
D. 8000
9 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
10 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

Test Questions

Share your comments & questions here

Guest
  • Zarri

    Zarri

    06 Dec 2017

    I want to fill the quiz

    Like
    Reply