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	The have a functional relation	A. Consumption and national income B. Consumption and saving C. Consumption and investment D. All of the above
2	Undisributed proits are considered.	A. Income enrned but not received B. Income eearned and received C. Income received but not earned D. None of the above
3	Transfer payments means	A. Bank loans B. The payment without work C. Tax payments D. Payments made to all factors of production
4	Which measure has the larger value .	A. NNP B. GNP C. GDP D. NI
5	If govermment increases taxes pivate savings.	A. Increase B. Decrease C. Do not change D. Will become zero
6	If C= 200 and I= 40 Than Y will equal	A. 160 B. 240 C. 200 D. 8000
7	National Income = Ntional Expenditure is an	A. Equation B. Identity C. Function D. None
8	Total value fo all final goods and services produced annually by a country.	A. NNP B. GNP C. GDP D. NI
9	Macroeconomics is concerned with.	A. Aggregate economic activity B. Spending decisions of households C. Hod to produce goods D. How tobuy stocks and bonds
10	In circular flow model	A. Govt. owns productive resources B. Firms own productive resources C. Households own productive resorces D. Rent of land is not included