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	If C= 200 and I= 40 Than Y will equal	A. 160 B. 240 C. 200 D. 8000
2	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
3	Transfer payments means	A. Bank loans B. The payment without work C. Tax payments D. Payments made to all factors of production
4	GNP is	A. Total Sales in the economy B. Total monetary transactions in an economy C. Sum of market values of all goods and services prodcued in an economy D. Totla spending in an economy
5	If indirect taxes are deducted from NNP and subsidies are added. we achieve	A. Personla savings B. DPI C. National Income D. Percapita inocme
6	It would increase the lvel of national income.	A. An increase in taxation B. A reduction in governmnet spending C. An increase in exports D. Students scholarships
7	The have a functional relation	A. Consumption and national income B. Consumption and saving C. Consumption and investment D. All of the above
8	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
9	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
10	Total value fo all final goods and services produced annually by a country.	A. NNP B. GNP C. GDP D. NI