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

Consumption spending does NOT include.

Question # 2

Which of the followign is not included in personali income

Question # 3

If C= 200 and I= 40 Than Y will equal

Question # 4

Which statment is true

Question # 5

National Income = Ntional Expenditure is an

Question # 6

Which of the following would NOT be included in GNP

Question # 7

The four factor payments are.

Question # 8

Personal income includes.

Question # 9

A closed economy is best described as one in which

Question # 10

Net Exports are

Question # 11

If govermment increases taxes pivate savings.

Question # 12

It is avoided to make correct estimate of national income.

Question # 13

It is duducted from GNP to find NNP

Question # 14

If we include it. national income will be over estimated

Question # 15

It is not included in estimation of national incoe

Question # 16

GNP includes

Question # 17

It would increase the lvel of national income.

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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 Which is a flow concept.
A. Number of my shirts
B. My montly income
C. My total wealth
D. Money Supply
2 It is considred as transfer payments
A. Salaries of govet emplyees
B. Bonus of bank employees
C. Inemployment allowance paid by govt
D. Free medical are to offers.
3 GNP includes
A. A Loan from a bank
B. A loan from one's parents
C. A brokers commission
D. Gilfts and donations
4 In calculating national income which one will NOT be included.
A. Exports
B. Old age pensions
C. Wages of lecturer
D. Undistributed profit by firms
5 Corporae tax is levied on
A. Landdlords
B. Inporters
C. Big companies
D. Municipal corporations
6 Which measure has the larger value .
A. NNP
B. GNP
C. GDP
D. NI
7 We measure natonalincome by this method.
A. Expenditure method
B. Income method
C. Product method
D. As of the above
8 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
9 The four factor payments are.
A. Money, Capital, salaries, and income
B. Wages, rent internest and profts
C. Money, power, Prices, and wwalth
D. Wags, intrest, salareis,andtaxes.
10 Circular flow of income links
A. Income expenditure
B. Govt taxes govt expenditure
C. Exports ,imports
D. Saving and investment

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  • Zarri

    Zarri

    06 Dec 2017

    I want to fill the quiz

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