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

00:00
Question # 1

Corporae tax is levied on

Question # 2

The largest type fo in come in the Pakistan is

Question # 3

If we include it. national income will be over estimated

Question # 4

If saving exceed investment then

Question # 5

National Income is.

Question # 6

The largest type of income in the Pakistan is

Question # 7

In economics one of more persons living in a joint family are called a

Question # 8

Circular flow of income links

Question # 9

Market value of all final goods and services produced in a country during a year is definition

Question # 10

It is considered as investment

Question # 11

Real national income increases when

Question # 12

Transfer payments are not included in national income becaues.

Question # 13

It is considred as transfer payments

Question # 14

It is avoided to make correct estimate of national income.

Question # 15

National Income = Ntional Expenditure is an

Question # 16

Transfer payments means.

Question # 17

Which is a flow concept.

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1st Chapter

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 Consumption spending does NOT include.
A. Household's purchases of clothes
B. Household's purchase of a car
C. Household's paymnet of rent for an apartment
D. Household's purchase of shares of a business corporation
2 The largest type fo in come in the Pakistan is
A. Compensation of employees
B. Propretors income
C. Rental income
D. Corporate profits
3 In economics one of more persons living in a joint family are called a
A. Community
B. Social gathering
C. Super family
D. Household
4 When National income is estimated by expenditue method we include.
A. All govt expenditure
B. All houseolds expenditure
C. All of the above
D. All expenditure of the business sector
5 National Income = Ntional Expenditure is an
A. Equation
B. Identity
C. Function
D. None
6 If we include it. national income will be over estimated
A. Transfer payment
B. Income from abroad
C. Illegal income
D. Exports
7 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
8 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
9 The largest type of income in the Pakistan is
A. Compensation of employees
B. Rental income
C. Proprietors income
D. Coporate profits
10 It is counted in GDP
A. Sale price of an old car
B. A TV set produced this year but not sold
C. Purchase of 100 shares of PSO
D. The leisure people consume

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  • Zarri

    Zarri

    06 Dec 2017

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