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

The largest type of income in the Pakistan is

Question # 2

Whis is the largest figure

Question # 3

Which of the following would NOT be included in GNP

Question # 4

Country is poor if it has.

Question # 5

Real national income increases when

Question # 6

Investment spending included the purchase of.

Question # 7

Gross nationa product includes

Question # 8

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

Question # 9

Which measure has the larger value .

Question # 10

It is considered as investment

Question # 11

GNP includes

Question # 12

Macroeconomics is concerned with.

Question # 13

Govt. transfer payment include

Question # 14

Which of the followign is not included in personali income

Question # 15

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

Question # 16

Transfer payments means.

Question # 17

If we deduct direct tax from personal income we get.

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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 Investment spending included the purchase of.
A. Lottery coupon
B. Prize Bond
C. Residential construction
D. all of the above
2 It is considered as investment
A. Construction of a house
B. Purchase of an old house
C. Salaries of college professors
D. a and b above
3 The have a functional relation
A. Consumption and national income
B. Consumption and saving
C. Consumption and investment
D. All of the above
4 If we include it. national income will be over estimated
A. Transfer payment
B. Income from abroad
C. Illegal income
D. Exports
5 If saving exceed investment then
A. National income rises
B. National income falls
C. National income is not affected
D. None of the above
6 The largest type fo in come in the Pakistan is
A. Compensation of employees
B. Propretors income
C. Rental income
D. Corporate profits
7 National income is a measure of
A. The zise of government revenue
B. Payments made to facor of production
C. Production f goods per day
D. Total working hours
8 Transfer payments include.
A. Daily wages, pensions
B. Pensions Zakat
C. Taxes, pocket money
D. Zakat , taxes
9 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
10 Which statment is true
A. National Income = Naional expenditure - indirettaxes
B. N1 =GNP -NNP
C. N1 =P1
D. NI =NNP-Indirect taxes

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