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

We measure natonalincome by this method.

Question # 2

Which statment is true

Question # 3

If saving exceed investment then

Question # 4

It is considred as transfer payments

Question # 5

It is duducted from GNP to find NNP

Question # 6

Country is poor if it has.

Question # 7

GNP is always.

Question # 8

Investment spending included the purchase of.

Question # 9

Transfer payments means.

Question # 10

The largest type fo in come in the Pakistan is

Question # 11

Macroeconomics is concerned with.

Question # 12

Personal income includes.

Question # 13

Transfer payments include.

Question # 14

Circular flow of income links

Question # 15

National income is a measure of

Question # 16

It is considered as investment

Question # 17

A closed economy is best described as one in which

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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 A TV set purchased from a retail store is an example of.
A. Final goods
B. Surplus goods
C. Capital goods
D. Intermediate goods
2 Net Exports are
A. Total Exports plus total imports
B. Total exports minus total imports
C. Total exports divided by total imports
D. Total imports minus total exports
3 It is avoided to make correct estimate of national income.
A. Free services
B. Double counting
C. Export earnings
D. All of the above
4 If saving exceed investment then
A. National income rises
B. National income falls
C. National income is not affected
D. None of the above
5 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
6 Circular flow of income links
A. Income expenditure
B. Govt taxes govt expenditure
C. Exports ,imports
D. Saving and investment
7 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
8 Per capita Incom is.
A. Income per worker
B. Incomeper hea
C. Income per household
D. Income per industrial unit
9 Transfer payments include.
A. Daily wages, pensions
B. Pensions Zakat
C. Taxes, pocket money
D. Zakat , taxes
10 Investment spending included the purchase of.
A. Lottery coupon
B. Prize Bond
C. Residential construction
D. all of the above

Test Questions