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	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
2	Which is a flow concept.	A. Number of my shirts B. My montly income C. My total wealth D. Money Supply
3	Govt. transfer payment include	A. Social security benefits B. Welfare benefits C. Student scholarships D. All of the above
4	Net Exports are	A. Total Exports plus total imports B. Total exports minus total imports C. Total exports divided by total imports D. Total imports minus total exports
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	We measure natonalincome by this method.	A. Expenditure method B. Income method C. Product method D. As of the above
7	To determine the correct level of GNP ,it is necessary to.	A. Add up the values of goods and services during one year B. Add up allsavings C. Count all imports D. Add up the value of semi finished goods
8	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
9	It is duducted from GNP to find NNP	A. Saving B. Direct taxes C. Depreciatin allowance D. Subsidies
10	Direct taxes are not included in	A. DPI B. PI C. NNP D. a and c above