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	We measure natonalincome by this method.	A. Expenditure method B. Income method C. Product method D. As of the above
2	Transfer payments means.	A. Bank loans B. The payment without work C. Payments made to all factors of production D. Tax payments
3	PI is equivalent to	A. DPI Minus personal taxes B. DIP Plus unerned receipts C. DPI Minus income earned but not received D. NI plus unearned receipts minus personal taxes
4	Total value fo all final goods and services produced annually by a country.	A. NNP B. GNP C. GDP D. NI
5	The goods which arw used directly by the people are called.	A. Consumer goods B. Capital good C. Direct good D. None
6	Threre are methods of measurieng natinal income	A. 5 B. 4 C. 2 D. 3
7	Personal income includes.	A. Direct taxes B. Indirect taxes C. Depreciation D. None of the above
8	It would increase the lvel of national income.	A. An increase in taxation B. A reduction in governmnet spending C. An increase in exports D. Students scholarships
9	In economics one of more persons living in a joint family are called a	A. Community B. Social gathering C. Super family D. Household
10	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