12th class Economics chapter 1 online mcq test with answers for ICS part 2 Economics chapter 1 (National Income)

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Sr.#	Question	Answer
1	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
2	Per capita Incom is.	A. Income per worker B. Incomeper hea C. Income per household D. Income per industrial unit
3	Personal income includes.	A. Direct taxes B. Indirect taxes C. Depreciation D. None of the above
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	GNP is always.	A. Less than NNP B. Grether than NNP C. Equal to NNP D. Is found from NNP
6	National Income is.	A. Total Income earned in producing the national product B. All taxes plus govt. spending C. Sum of personal income and saving D. NNP minus the capital consumption allowance
7	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
8	Total value of allfinal goods andservices produced annually by a country.	A. NNP B. GNP C. GDP D. NI
9	The goods which arw used directly by the people are called.	A. Consumer goods B. Capital good C. Direct good D. None
10	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