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

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Question # 1

If govermment increases taxes pivate savings.

Question # 2

Country is poor if it has.

Question # 3

GNP is always.

Question # 4

Investment spending included the purchase of.

Question # 5

It is avoided to make correct estimate of national income.

Question # 6

National income is a measure of

Question # 7

To determine the correct level of GNP ,it is necessary to.

Question # 8

The largest type fo in come in the Pakistan is

Question # 9

Threre are methods of measurieng natinal income

Question # 10

Net Exports are

Question # 11

Whis is the largest figure

Question # 12

If C= 200 and I= 40 Than Y will equal

Question # 13

The goods which arw used directly by the people are called.

Question # 14

If saving exceed investment then

Question # 15

In erms of national income accounts, multiple counting efers to.

Question # 16

Transfer payments means.

Question # 17

GNP includes

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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 Direct taxes are not included in
A. DPI
B. PI
C. NNP
D. a and c above
2 Which is a flow concept.
A. Number of my shirts
B. My montly income
C. My total wealth
D. Money Supply
3 If saving exceed investment then
A. National income rises
B. National income falls
C. National income is not affected
D. None of the above
4 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
5 The four factor payments are.
A. Money, Capital, salaries, and income
B. Wages, rent internest and profts
C. Money, power, Prices, and wwalth
D. Wags, intrest, salareis,andtaxes.
6 Macroeconomics is concerned with.
A. Aggregate economic activity
B. Spending decisions of households
C. Hod to produce goods
D. How tobuy stocks and bonds
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 Total value fo all final goods and services produced annually by a country.
A. NNP
B. GNP
C. GDP
D. NI
9 If C= 200 and I= 40 Than Y will equal
A. 160
B. 240
C. 200
D. 8000
10 Gross nationa product includes
A. A loan from one's parents
B. A loan from a domestic bank
C. A loan from other countries
D. None of theabove

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  • Zarri

    Zarri

    06 Dec 2017

    I want to fill the quiz

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