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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
The goods which arw used directly by the people are called.
Question # 2
It is transfer payment
Question # 3
Consumption spending does NOT include.
Question # 4
In calculating national income which one will NOT be included.
Question # 5
Country is poor if it has.
Question # 6
Transfer payments means
Question # 7
It is not included in estimation of national incoe
Question # 8
Transfer payments include.
Question # 9
The four factor payments are.
Question # 10
Which statment is true
Question # 11
To determine the correct level of GNP ,it is necessary to.
Question # 12
Direct taxes are not included in
Question # 13
Real national income increases when
Question # 14
Which of the followign is not included in personali income
Question # 15
Whis is the largest figure
Question # 16
The have a functional relation
Question # 17
If saving exceed investment then
ICS Part 2 Economics English Medium Chapter 1 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 -
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ICS Part II Economics Chapter 0 Important MCQ's
| Sr.# | Question | Answer |
|---|---|---|
| 1 | A closed economy is best described as one in which |
A. thre are no monopolies
B. No corporations
C. No extemalities
D. No international trade
|
| 2 | Country is poor if it has. |
A. Less production of gods per capita
B. Less amount of gold
C. Less amout of foreign currency
D. Less exports
|
| 3 | If C= 200 and I= 40 Than Y will equal |
A. 160
B. 240
C. 200
D. 8000
|
| 4 | 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.
|
| 5 | 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
|
| 6 | To determine the correct level of GNP ,it is necessary to. |
A. Add up the values of goods and services during one year
B. Add up allsavings
C. Count all imports
D. Add up the value of semi finished goods
|
| 7 | A TV set purchased from a retail store is an example of. |
A. Final goods
B. Surplus goods
C. Capital goods
D. Intermediate goods
|
| 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 | Personal income includes. |
A. Direct taxes
B. Indirect taxes
C. Depreciation
D. None of the above
|
| 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
|
Test Questions
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