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

Net investment is

Question # 2

It is considred as transfer payments

Question # 3

Gross nationa product includes

Question # 4

Personal income includes.

Question # 5

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

Question # 6

The largest type fo in come in the Pakistan is

Question # 7

Which statment is true

Question # 8

In economics one of more persons living in a joint family are called a

Question # 9

Real national income increases when

Question # 10

Which statment is true

Question # 11

It is counted in GDP

Question # 12

It is considered as investment

Question # 13

When National income is estimated by expenditue method we include.

Question # 14

National Income is.

Question # 15

The largest part of national income goes to

Question # 16

The four factor payments are.

Question # 17

Total value of allfinal goods andservices produced annually by a country.

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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 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 The have a functional relation
A. Consumption and national income
B. Consumption and saving
C. Consumption and investment
D. All of the above
3 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
4 Which of the following would NOT be included in GNP
A. Govt. Transfer payments
B. Got. Purchase of an air plane
C. Payment for construction of highway
D. Salary paid for the presidents secretary
5 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
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 transfer payment
A. Payment o college tuition
B. A social securiy payment
C. Payment for a leased car
D. Intrest paid for a bank loan
8 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
9 Which measure has the larger value .
A. NNP
B. GNP
C. GDP
D. NI
10 Personal income includes.
A. Direct taxes
B. Indirect taxes
C. Depreciation
D. None of the above

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  • Zarri

    Zarri

    06 Dec 2017

    I want to fill the quiz

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