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	PI is equivalent to	A. DPI Minus personal taxes B. DIP Plus unerned receipts C. DPI Minus income earned but not received D. NI plus unearned receipts minus personal taxes
2	It is avoided to make correct estimate of national income.	A. Free services B. Double counting C. Export earnings D. All of the above
3	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
4	Which is a flow concept.	A. Number of my shirts B. My montly income C. My total wealth D. Money Supply
5	The goods which arw used directly by the people are called.	A. Consumer goods B. Capital good C. Direct good D. None
6	Macroeconomics is concerned with.	A. Aggregate economic activity B. Spending decisions of households C. Hod to produce goods D. How tobuy stocks and bonds
7	National Income = Ntional Expenditure is an	A. Equation B. Identity C. Function D. None
8	In erms of national income accounts, multiple counting efers to.	A. The addition to GNP of multiple units of a good B. Counting cureently producedgoods more than once C. The inclusion in GNP of gross spending and taxes D. Counting both goods and services
9	GNP is always.	A. Less than NNP B. Grether than NNP C. Equal to NNP D. Is found from NNP
10	Total value fo all final goods and services produced annually by a country.	A. NNP B. GNP C. GDP D. NI