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ICS Part 2 Economics English Medium Chapter 1 Test
Start Chapter 1 TestICS Part 2 Economics English Medium Chapter Wise MCQ's Test
MCQ's Test For Chapter 0 "ICS Part 2 Economics English Medium Chapter 1 Online Test"
Try The 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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Time Allowed20
ICS Part 2 Economics English Medium Chapter 1 Online Test
00:00
Question # 1
If we deduct direct tax from personal income we get.
Question # 2
A TV set purchased from a retail store is an example of.
Question # 3
If C= 200 and I= 40 Than Y will equal
Question # 4
The four factor payments are.
Question # 5
Consumption spending does NOT include.
Question # 6
When National income is estimated by expenditue method we include.
Question # 7
Direct taxes are not included in
Question # 8
In circular flow model
Question # 9
It is duducted from GNP to find NNP
Question # 10
Corporae tax is levied on
Question # 11
In economics one of more persons living in a joint family are called a
Question # 12
Transfer payments are not included in national income becaues.
Question # 13
Country is poor if it has.
Question # 14
Investment spending included the purchase of.
Question # 15
It is counted in GDP
Question # 16
Circular flow of income links
Question # 17
GNP is always.
ICS Part 2 Economics English Medium Chapter 1 Test
Top Scorers Of Chapter 0 "ICS Part 2 Economics English Medium Chapter 1 Online Test" MCQ`s Test
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Z Zureen Abid 24 - Sep - 2024 01 Min 43 Sec 17/17 -
M M.Attiq-U-Rehman 26 - Nov - 2023 02 Min 23 Sec 16/17 -
M Muhammad Kashif 25 - Apr - 2024 05 Min 12 Sec 14/17 -
H Hasnain Mushtaq 22 - May - 2023 00 Min 03 Sec 12/17 -
L Lishay_1921 03 - Nov - 2023 06 Min 19 Sec 12/17 -
H Hussain Ahmad 23 - May - 2023 03 Min 35 Sec 11/17 -
Z Zahra Haq 02 - Jan - 2024 04 Min 24 Sec 11/17 -
M Mian Ubaid Ur Rehman 30 - Apr - 2024 04 Min 35 Sec 11/17 -
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M Maha Butt 15 - Jul - 2023 03 Min 50 Sec 10/17 -
A Ayesha Gull 28 - Dec - 2023 04 Min 15 Sec 10/17 -
M mahsheed kashif 09 - Apr - 2024 04 Min 48 Sec 10/17 -
Q Qazi Mohid 08 - Jun - 2026 07 Min 51 Sec 10/17
ICS Part II Economics Chapter 0 Important MCQ's
| Sr.# | Question | Answer |
|---|---|---|
| 1 | In calculating national income which one will NOT be included. |
A. Exports
B. Old age pensions
C. Wages of lecturer
D. Undistributed profit by firms
|
| 2 | Total value fo all final goods and services produced annually by a country. |
A. NNP
B. GNP
C. GDP
D. NI
|
| 3 | The largest part of national income goes to |
A. Consumption
B. Investment
C. Saving
D. Transfer payment
|
| 4 | 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
|
| 5 | Transfer payments means |
A. Bank loans
B. The payment without work
C. Tax payments
D. Payments made to all factors of production
|
| 6 | If we deduct direct tax from personal income we get. |
A. Net National income
B. Disposable income
C. Personal saving
D. Per capital income
|
| 7 | It is considred as transfer payments |
A. Salaries of govet emplyees
B. Bonus of bank employees
C. Inemployment allowance paid by govt
D. Free medical are to offers.
|
| 8 | 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
|
| 9 | It is duducted from GNP to find NNP |
A. Saving
B. Direct taxes
C. Depreciatin allowance
D. Subsidies
|
| 10 | 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
|
Test Questions
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06 Dec 2017I want to fill the quiz