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

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

Question # 2

Personal income includes.

Question # 3

Consumption spending does NOT include.

Question # 4

GNP is always.

Question # 5

In circular flow model

Question # 6

Which of the followign is not included in personali income

Question # 7

If we deduct direct tax from personal income we get.

Question # 8

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

Question # 9

Threre are methods of measurieng natinal income

Question # 10

It is transfer payment

Question # 11

To determine the correct level of GNP ,it is necessary to.

Question # 12

We measure natonalincome by this method.

Question # 13

Which statment is true

Question # 14

In erms of national income accounts, multiple counting efers to.

Question # 15

The largest type fo in come in the Pakistan is

Question # 16

Direct taxes are not included in

Question # 17

Undisributed proits are considered.

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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 Direct taxes are not included in
A. DPI
B. PI
C. NNP
D. a and c above
2 It is counted in GDP
A. Sale price of an old car
B. A TV set produced this year but not sold
C. Purchase of 100 shares of PSO
D. The leisure people consume
3 Whis is the largest figure
A. NNP
B. GNP
C. DPI
D. PI
4 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
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 It is not included in estimation of national incoe
A. Illegal income
B. Services of house wife
C. Imports
D. All are not included
7 To determine the correct level of GNP ,it is necessary to.
A. Add up the values of goods and services during one year
B. Add up allsavings
C. Count all imports
D. Add up the value of semi finished goods
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 In calculating national income which one will NOT be included.
A. Exports
B. Old age pensions
C. Wages of lecturer
D. Undistributed profit by firms
10 Which statment is true
A. National Income = Naional expenditure - indirettaxes
B. N1 =GNP -NNP
C. N1 =P1
D. NI =NNP-Indirect taxes

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  • Zarri

    Zarri

    06 Dec 2017

    I want to fill the quiz

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