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	In erms of national income accounts, multiple counting efers to.	A. The addition to GNP of multiple units of a good B. Counting cureently producedgoods more than once C. The inclusion in GNP of gross spending and taxes D. Counting both goods and services
2	Personal income includes.	A. Direct taxes B. Indirect taxes C. Depreciation D. None of the above
3	It is avoided to make correct estimate of national income.	A. Free services B. Double counting C. Export earnings D. All of the above
4	Total value fo all final goods and services produced annually by a country.	A. NNP B. GNP C. GDP D. NI
5	Transfer payments means.	A. Bank loans B. The payment without work C. Payments made to all factors of production D. Tax payments
6	Threre are methods of measurieng natinal income	A. 5 B. 4 C. 2 D. 3
7	Govt. transfer payment include	A. Social security benefits B. Welfare benefits C. Student scholarships D. All of the above
8	GNP includes	A. A Loan from a bank B. A loan from one's parents C. A brokers commission D. Gilfts and donations
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	If saving exceed investment then	A. National income rises B. National income falls C. National income is not affected D. None of the above