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	We measure natonalincome by this method.	A. Expenditure method B. Income method C. Product method D. As of the above
2	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
3	Transfer payments means	A. Bank loans B. The payment without work C. Tax payments D. Payments made to all factors of production
4	Direct taxes are not included in	A. DPI B. PI C. NNP D. a and c above
5	Which measure has the larger value .	A. NNP B. GNP C. GDP D. NI
6	Country is poor if it has.	A. Less production of gods per capita B. Less amount of gold C. Less amout of foreign currency D. Less exports
7	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
8	The largest type of income in the Pakistan is	A. Compensation of employees B. Rental income C. Proprietors income D. Coporate profits
9	Market value of all final goods and services produced in a country during a year is definition	A. GNP B. NNP C. NI D. Consumption
10	If we include it. national income will be over estimated	A. Transfer payment B. Income from abroad C. Illegal income D. Exports