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

If saving exceed investment then

Question # 2

It would increase the lvel of national income.

Question # 3

Which of the following would NOT be included in GNP

Question # 4

In circular flow model

Question # 5

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

Question # 6

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

Question # 7

When National income is estimated by expenditue method we include.

Question # 8

GNP is

Question # 9

Net Exports are

Question # 10

Per capita Incom is.

Question # 11

Personal income includes.

Question # 12

Total value fo all final goods and services produced annually by a country.

Question # 13

National Income is.

Question # 14

It is considered as investment

Question # 15

A TV set purchased from a retail store is an example of.

Question # 16

It is transfer payment

Question # 17

Whis is the largest figure

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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 Real national income increases when
A. Prics of goods are rising
B. National savings increases
C. Quantity of goods and services increases
D. None of the above
2 The goods which arw used directly by the people are called.
A. Consumer goods
B. Capital good
C. Direct good
D. None
3 Macroeconomics is concerned with.
A. Aggregate economic activity
B. Spending decisions of households
C. Hod to produce goods
D. How tobuy stocks and bonds
4 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
5 Consumption spending does NOT include.
A. Household's purchases of clothes
B. Household's purchase of a car
C. Household's paymnet of rent for an apartment
D. Household's purchase of shares of a business corporation
6 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
7 Which measure has the larger value .
A. NNP
B. GNP
C. GDP
D. NI
8 When National income is estimated by expenditue method we include.
A. All govt expenditure
B. All houseolds expenditure
C. All of the above
D. All expenditure of the business sector
9 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
10 A TV set purchased from a retail store is an example of.
A. Final goods
B. Surplus goods
C. Capital goods
D. Intermediate goods

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  • Zarri

    Zarri

    06 Dec 2017

    I want to fill the quiz

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