12th class Economics chapter 1 online mcq test with answers for ICS part 2 Economics chapter 1 (National Income)

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

Sr.#	Question	Answer
1	In economics one of more persons living in a joint family are called a	A. Community B. Social gathering C. Super family D. Household
2	The have a functional relation	A. Consumption and national income B. Consumption and saving C. Consumption and investment D. All of the above
3	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
4	It is transfer payment	A. Payment o college tuition B. A social securiy payment C. Payment for a leased car D. Intrest paid for a bank loan
5	Real national income increases when	A. Prics of goods are rising B. National savings increases C. Quantity of goods and services increases D. None of the above
6	Which measure has the larger value .	A. NNP B. GNP C. GDP D. NI
7	Govt. transfer payment include	A. Social security benefits B. Welfare benefits C. Student scholarships D. All of the above
8	Which is a flow concept.	A. Number of my shirts B. My montly income C. My total wealth D. Money Supply
9	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
10	Personal income includes.	A. Direct taxes B. Indirect taxes C. Depreciation D. None of the above