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	Investment spending included the purchase of.	A. Lottery coupon B. Prize Bond C. Residential construction D. all of the above
2	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
3	If we include it. national income will be over estimated	A. Transfer payment B. Income from abroad C. Illegal income D. Exports
4	Which measure has the larger value .	A. NNP B. GNP C. GDP D. NI
5	The largest part of national income goes to	A. Consumption B. Investment C. Saving D. Transfer payment
6	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
7	Which of the followign is not included in personali income	A. Social security benefits B. Dividend payments C. Undistributed corporate profits D. Interest received from of saving certificates
8	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
9	If we deduct direct tax from personal income we get.	A. Net National income B. Disposable income C. Personal saving D. Per capital income
10	Total value fo all final goods and services produced annually by a country.	A. NNP B. GNP C. GDP D. NI