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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
Govt. transfer payment include
Question # 2
Gross nationa product includes
Question # 3
Transfer payments include.
Question # 4
If we include it. national income will be over estimated
Question # 5
It is counted in GDP
Question # 6
National Income = Ntional Expenditure is an
Question # 7
The four factor payments are.
Question # 8
Consumption spending does NOT include.
Question # 9
Net Exports are
Question # 10
National Income is.
Question # 11
Undisributed proits are considered.
Question # 12
It is transfer payment
Question # 13
Which of the following would NOT be included in GNP
Question # 14
Which measure has the larger value .
Question # 15
PI is equivalent to
Question # 16
Transfer payments means
Question # 17
Per capita Incom is.
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
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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 -
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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 -
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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 | Total value of allfinal goods andservices produced annually by a country. |
A. NNP
B. GNP
C. GDP
D. NI
|
| 2 | The goods which arw used directly by the people are called. |
A. Consumer goods
B. Capital good
C. Direct good
D. None
|
| 3 | To determine the correct level of GNP ,it is necessary to. |
A. Add up the values of goods and services during one year
B. Add up allsavings
C. Count all imports
D. Add up the value of semi finished goods
|
| 4 | 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
|
| 5 | Transfer payments are not included in national income becaues. |
A. Such payments are made to persons livnig abroad
B. Double counting would result
C. They are illegal
D. There is no method to account for these
|
| 6 | 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
|
| 7 | Transfer payments means. |
A. Bank loans
B. The payment without work
C. Payments made to all factors of production
D. Tax payments
|
| 8 | If we deduct direct tax from personal income we get. |
A. Net National income
B. Disposable income
C. Personal saving
D. Per capital income
|
| 9 | Govt. transfer payment include |
A. Social security benefits
B. Welfare benefits
C. Student scholarships
D. All of the above
|
| 10 | 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
|
Test Questions
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06 Dec 2017I want to fill the quiz