12th class Economics chapter 1 online mcq test with answers for ICS part 2 Economics chapter 1 (National Income)

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Sr.#	Question	Answer
1	It is not included in estimation of national incoe	A. Illegal income B. Services of house wife C. Imports D. All are not included
2	Govt. transfer payment include	A. Social security benefits B. Welfare benefits C. Student scholarships D. All of the above
3	If C= 200 and I= 40 Than Y will equal	A. 160 B. 240 C. 200 D. 8000
4	The goods which arw used directly by the people are called.	A. Consumer goods B. Capital good C. Direct good D. None
5	GNP includes	A. A Loan from a bank B. A loan from one's parents C. A brokers commission D. Gilfts and donations
6	In economics one of more persons living in a joint family are called a	A. Community B. Social gathering C. Super family D. Household
7	It is duducted from GNP to find NNP	A. Saving B. Direct taxes C. Depreciatin allowance D. Subsidies
8	The largest type fo in come in the Pakistan is	A. Compensation of employees B. Propretors income C. Rental income D. Corporate profits
9	Real national income increases when	A. Prics of goods are rising B. National savings increases C. Quantity of goods and services increases D. None of the above
10	When National income is estimated by expenditue method we include.	A. All govt expenditure B. All houseolds expenditure C. All of the above D. All expenditure of the business sector