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

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Question # 1

If indirect taxes are deducted from NNP and subsidies are added. we achieve

Question # 2

Undisributed proits are considered.

Question # 3

The largest type of income in the Pakistan is

Question # 4

Real national income increases when

Question # 5

GNP includes

Question # 6

It is not included in estimation of national incoe

Question # 7

It is avoided to make correct estimate of national income.

Question # 8

In circular flow model

Question # 9

We measure natonalincome by this method.

Question # 10

When National income is estimated by expenditue method we include.

Question # 11

If we include it. national income will be over estimated

Question # 12

The have a functional relation

Question # 13

It is transfer payment

Question # 14

The largest part of national income goes to

Question # 15

Total value fo all final goods and services produced annually by a country.

Question # 16

Transfer payments include.

Question # 17

Circular flow of income links

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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 The largest part of national income goes to
A. Consumption
B. Investment
C. Saving
D. Transfer payment
2 Corporae tax is levied on
A. Landdlords
B. Inporters
C. Big companies
D. Municipal corporations
3 Per capita Incom is.
A. Income per worker
B. Incomeper hea
C. Income per household
D. Income per industrial unit
4 Investment spending included the purchase of.
A. Lottery coupon
B. Prize Bond
C. Residential construction
D. all of the above
5 GNP is always.
A. Less than NNP
B. Grether than NNP
C. Equal to NNP
D. Is found from NNP
6 Gross nationa product includes
A. A loan from one's parents
B. A loan from a domestic bank
C. A loan from other countries
D. None of theabove
7 It is transfer payment
A. Payment o college tuition
B. A social securiy payment
C. Payment for a leased car
D. Intrest paid for a bank loan
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 Transfer payments include.
A. Daily wages, pensions
B. Pensions Zakat
C. Taxes, pocket money
D. Zakat , taxes
10 In economics one of more persons living in a joint family are called a
A. Community
B. Social gathering
C. Super family
D. Household

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