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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
Total value of allfinal goods andservices produced annually by a country.
Question # 2
A TV set purchased from a retail store is an example of.
Question # 3
Which of the following would NOT be included in GNP
Question # 4
It is considered as investment
Question # 5
The four factor payments are.
Question # 6
If we deduct direct tax from personal income we get.
Question # 7
Circular flow of income links
Question # 8
It is duducted from GNP to find NNP
Question # 9
Transfer payments means
Question # 10
If we include it. national income will be over estimated
Question # 11
Investment spending included the purchase of.
Question # 12
PI is equivalent to
Question # 13
In erms of national income accounts, multiple counting efers to.
Question # 14
It would increase the lvel of national income.
Question # 15
When National income is estimated by expenditue method we include.
Question # 16
If govermment increases taxes pivate savings.
Question # 17
Undisributed proits are considered.
ICS Part 2 Economics English Medium Chapter 1 Test
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M M.Attiq-U-Rehman 26 - Nov - 2023 02 Min 23 Sec 16/17 -
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M mahsheed kashif 09 - Apr - 2024 04 Min 48 Sec 10/17
ICS Part II Economics Chapter 0 Important MCQ's
| Sr.# | Question | Answer |
|---|---|---|
| 1 | If saving exceed investment then |
A. National income rises
B. National income falls
C. National income is not affected
D. None of the above
|
| 2 | A TV set purchased from a retail store is an example of. |
A. Final goods
B. Surplus goods
C. Capital goods
D. Intermediate goods
|
| 3 | 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
|
| 4 | Market value of all final goods and services produced in a country during a year is definition |
A. GNP
B. NNP
C. NI
D. Consumption
|
| 5 | National Income = Ntional Expenditure is an |
A. Equation
B. Identity
C. Function
D. None
|
| 6 | Total value fo all final goods and services produced annually by a country. |
A. NNP
B. GNP
C. GDP
D. NI
|
| 7 | Govt. transfer payment include |
A. Social security benefits
B. Welfare benefits
C. Student scholarships
D. All of the above
|
| 8 | Which statment is true |
A. NNP =GNP- Deprection
B. NNP =N1
C. NNP = DPI
D. NNP = GNP + Depreciation
|
| 9 | If C= 200 and I= 40 Than Y will equal |
A. 160
B. 240
C. 200
D. 8000
|
| 10 | The largest type of income in the Pakistan is |
A. Compensation of employees
B. Rental income
C. Proprietors income
D. Coporate profits
|
Test Questions