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	It would increase the lvel of national income.	A. An increase in taxation B. A reduction in governmnet spending C. An increase in exports D. Students scholarships
3	Transfer payments means	A. Bank loans B. The payment without work C. Tax payments D. Payments made to all factors of production
4	Per capita Incom is.	A. Income per worker B. Incomeper hea C. Income per household D. Income per industrial unit
5	Which measure has the larger value .	A. NNP B. GNP C. GDP D. NI
6	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
7	In economics one of more persons living in a joint family are called a	A. Community B. Social gathering C. Super family D. Household
8	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
9	Transfer payments are not included in national income becaues.	A. Such payments are made to persons livnig abroad B. Double counting would result C. They are illegal D. There is no method to account for these
10	Transfer payments means.	A. Bank loans B. The payment without work C. Payments made to all factors of production D. Tax payments