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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  • Total Questions17

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ICS Part 2 Economics English Medium Chapter 1 Online Test

00:00
Question # 1

When National income is estimated by expenditue method we include.

Question # 2

Whis is the largest figure

Question # 3

Country is poor if it has.

Question # 4

National Income = Ntional Expenditure is an

Question # 5

It is transfer payment

Question # 6

Which statment is true

Question # 7

Net Exports are

Question # 8

It is avoided to make correct estimate of national income.

Question # 9

Real national income increases when

Question # 10

The four factor payments are.

Question # 11

GNP is

Question # 12

If saving exceed investment then

Question # 13

Govt. transfer payment include

Question # 14

It is considred as transfer payments

Question # 15

Undisributed proits are considered.

Question # 16

The have a functional relation

Question # 17

We measure natonalincome by this method.

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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 Total value fo all final goods and services produced annually by a country.
A. NNP
B. GNP
C. GDP
D. NI
2 In economics one of more persons living in a joint family are called a
A. Community
B. Social gathering
C. Super family
D. Household
3 It is considered as investment
A. Construction of a house
B. Purchase of an old house
C. Salaries of college professors
D. a and b above
4 The have a functional relation
A. Consumption and national income
B. Consumption and saving
C. Consumption and investment
D. All of the above
5 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
6 GNP is always.
A. Less than NNP
B. Grether than NNP
C. Equal to NNP
D. Is found from NNP
7 Which measure has the larger value .
A. NNP
B. GNP
C. GDP
D. NI
8 The largest part of national income goes to
A. Consumption
B. Investment
C. Saving
D. Transfer payment
9 Transfer payments means
A. Bank loans
B. The payment without work
C. Tax payments
D. Payments made to all factors of production
10 If C= 200 and I= 40 Than Y will equal
A. 160
B. 240
C. 200
D. 8000

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  • Zarri

    Zarri

    06 Dec 2017

    I want to fill the quiz

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