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

Undisributed proits are considered.

Question # 2

Govt. transfer payment include

Question # 3

Which of the followign is not included in personali income

Question # 4

Macroeconomics is concerned with.

Question # 5

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

Question # 6

If we deduct direct tax from personal income we get.

Question # 7

Investment spending included the purchase of.

Question # 8

Transfer payments means

Question # 9

If saving exceed investment then

Question # 10

Threre are methods of measurieng natinal income

Question # 11

National income is a measure of

Question # 12

Whis is the largest figure

Question # 13

In calculating national income which one will NOT be included.

Question # 14

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

Question # 15

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

Question # 16

It would increase the lvel of national income.

Question # 17

It is counted in GDP

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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 Transfer payments means
A. Bank loans
B. The payment without work
C. Tax payments
D. Payments made to all factors of production
2 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
3 Govt. transfer payment include
A. Social security benefits
B. Welfare benefits
C. Student scholarships
D. All of the above
4 It is avoided to make correct estimate of national income.
A. Free services
B. Double counting
C. Export earnings
D. All of the above
5 Corporae tax is levied on
A. Landdlords
B. Inporters
C. Big companies
D. Municipal corporations
6 Market value of all final goods and services produced in a country during a year is definition
A. GNP
B. NNP
C. NI
D. Consumption
7 It is duducted from GNP to find NNP
A. Saving
B. Direct taxes
C. Depreciatin allowance
D. Subsidies
8 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
9 National Income = Ntional Expenditure is an
A. Equation
B. Identity
C. Function
D. None
10 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

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  • Zarri

    Zarri

    06 Dec 2017

    I want to fill the quiz

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