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

00:00
Question # 1

If we include it. national income will be over estimated

Question # 2

Undisributed proits are considered.

Question # 3

A TV set purchased from a retail store is an example of.

Question # 4

Which of the following would NOT be included in GNP

Question # 5

In circular flow model

Question # 6

Total value of allfinal goods andservices produced annually by a country.

Question # 7

GNP is

Question # 8

Country is poor if it has.

Question # 9

The largest part of national income goes to

Question # 10

GNP is always.

Question # 11

Transfer payments include.

Question # 12

If C= 200 and I= 40 Than Y will equal

Question # 13

PI is equivalent to

Question # 14

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

Question # 15

If saving exceed investment then

Question # 16

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

Question # 17

The goods which arw used directly by the people are called.

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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 Per capita Incom is.
A. Income per worker
B. Incomeper hea
C. Income per household
D. Income per industrial unit
2 Total value of allfinal goods andservices produced annually by a country.
A. NNP
B. GNP
C. GDP
D. NI
3 Transfer payments means.
A. Bank loans
B. The payment without work
C. Payments made to all factors of production
D. Tax payments
4 It is avoided to make correct estimate of national income.
A. Free services
B. Double counting
C. Export earnings
D. All of the above
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 Undisributed proits are considered.
A. Income enrned but not received
B. Income eearned and received
C. Income received but not earned
D. None of the above
7 The largest type fo in come in the Pakistan is
A. Compensation of employees
B. Propretors income
C. Rental income
D. Corporate profits
8 Circular flow of income links
A. Income expenditure
B. Govt taxes govt expenditure
C. Exports ,imports
D. Saving and investment
9 Transfer payments means
A. Bank loans
B. The payment without work
C. Tax payments
D. Payments made to all factors of production
10 Which of the following would NOT be included in GNP
A. Govt. Transfer payments
B. Got. Purchase of an air plane
C. Payment for construction of highway
D. Salary paid for the presidents secretary

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  • Zarri

    Zarri

    06 Dec 2017

    I want to fill the quiz

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