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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 have a functional relation
Question # 2
Transfer payments include.
Question # 3
If indirect taxes are deducted from NNP and subsidies are added. we achieve
Question # 4
A TV set purchased from a retail store is an example of.
Question # 5
Gross nationa product includes
Question # 6
Transfer payments means.
Question # 7
Transfer payments are not included in national income becaues.
Question # 8
If we include it. national income will be over estimated
Question # 9
Whis is the largest figure
Question # 10
In economics one of more persons living in a joint family are called a
Question # 11
Market value of all final goods and services produced in a country during a year is definition
Question # 12
If govermment increases taxes pivate savings.
Question # 13
Which of the followign is not included in personali income
Question # 14
Which statment is true
Question # 15
GNP includes
Question # 16
Circular flow of income links
Question # 17
It is transfer payment
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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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 | 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
|
| 3 | 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
|
| 4 | Macroeconomics is concerned with. |
A. Aggregate economic activity
B. Spending decisions of households
C. Hod to produce goods
D. How tobuy stocks and bonds
|
| 5 | National Income = Ntional Expenditure is an |
A. Equation
B. Identity
C. Function
D. None
|
| 6 | In circular flow model |
A. Govt. owns productive resources
B. Firms own productive resources
C. Households own productive resorces
D. Rent of land is not included
|
| 7 | PI is equivalent to |
A. DPI Minus personal taxes
B. DIP Plus unerned receipts
C. DPI Minus income earned but not received
D. NI plus unearned receipts minus personal taxes
|
| 8 | Which is a flow concept. |
A. Number of my shirts
B. My montly income
C. My total wealth
D. Money Supply
|
| 9 | 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
|
| 10 | 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
|
Test Questions
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Zarri
06 Dec 2017I want to fill the quiz