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	Corporae tax is levied on	A. Landdlords B. Inporters C. Big companies D. Municipal corporations
2	Real national income increases when	A. Prics of goods are rising B. National savings increases C. Quantity of goods and services increases D. None of the above
3	It is duducted from GNP to find NNP	A. Saving B. Direct taxes C. Depreciatin allowance D. Subsidies
4	It is counted in GDP	A. Sale price of an old car B. A TV set produced this year but not sold C. Purchase of 100 shares of PSO D. The leisure people consume
5	GNP is	A. Total Sales in the economy B. Total monetary transactions in an economy C. Sum of market values of all goods and services prodcued in an economy D. Totla spending in an economy
6	The have a functional relation	A. Consumption and national income B. Consumption and saving C. Consumption and investment D. All of the above
7	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
8	If we include it. national income will be over estimated	A. Transfer payment B. Income from abroad C. Illegal income D. Exports
9	The goods which arw used directly by the people are called.	A. Consumer goods B. Capital good C. Direct good D. None
10	If we deduct direct tax from personal income we get.	A. Net National income B. Disposable income C. Personal saving D. Per capital income