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	It is duducted from GNP to find NNP	A. Saving B. Direct taxes C. Depreciatin allowance D. Subsidies
2	Threre are methods of measurieng natinal income	A. 5 B. 4 C. 2 D. 3
3	Transfer payments include.	A. Daily wages, pensions B. Pensions Zakat C. Taxes, pocket money D. Zakat , taxes
4	Transfer payments means	A. Bank loans B. The payment without work C. Tax payments D. Payments made to all factors of production
5	If we deduct direct tax from personal income we get.	A. Net National income B. Disposable income C. Personal saving D. Per capital income
6	If we include it. national income will be over estimated	A. Transfer payment B. Income from abroad C. Illegal income D. Exports
7	Which is a flow concept.	A. Number of my shirts B. My montly income C. My total wealth D. Money Supply
8	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
9	Circular flow of income links	A. Income expenditure B. Govt taxes govt expenditure C. Exports ,imports D. Saving and investment
10	National income is a measure of	A. The zise of government revenue B. Payments made to facor of production C. Production f goods per day D. Total working hours