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 avoided to make correct estimate of national income.	A. Free services B. Double counting C. Export earnings D. All of the above
2	It is considred as transfer payments	A. Salaries of govet emplyees B. Bonus of bank employees C. Inemployment allowance paid by govt D. Free medical are to offers.
3	The goods which arw used directly by the people are called.	A. Consumer goods B. Capital good C. Direct good D. None
4	Threre are methods of measurieng natinal income	A. 5 B. 4 C. 2 D. 3
5	Investment spending included the purchase of.	A. Lottery coupon B. Prize Bond C. Residential construction D. all of the above
6	Personal income includes.	A. Direct taxes B. Indirect taxes C. Depreciation D. None of the above
7	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
8	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
9	Total value fo all final goods and services produced annually by a country.	A. NNP B. GNP C. GDP D. NI
10	In economics one of more persons living in a joint family are called a	A. Community B. Social gathering C. Super family D. Household