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

Total value of allfinal goods andservices produced annually by a country.

Question # 2

Govt. transfer payment include

Question # 3

GNP is always.

Question # 4

In calculating national income which one will NOT be included.

Question # 5

Transfer payments means

Question # 6

Which of the followign is not included in personali income

Question # 7

National Income = Ntional Expenditure is an

Question # 8

Consumption spending does NOT include.

Question # 9

National income is a measure of

Question # 10

When National income is estimated by expenditue method we include.

Question # 11

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

Question # 12

It is transfer payment

Question # 13

If govermment increases taxes pivate savings.

Question # 14

Which statment is true

Question # 15

It is considred as transfer payments

Question # 16

The largest type of income in the Pakistan is

Question # 17

Which is a flow concept.

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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 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
2 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
3 Personal income includes.
A. Direct taxes
B. Indirect taxes
C. Depreciation
D. None of the above
4 The goods which arw used directly by the people are called.
A. Consumer goods
B. Capital good
C. Direct good
D. None
5 Which measure has the larger value .
A. NNP
B. GNP
C. GDP
D. NI
6 GNP is always.
A. Less than NNP
B. Grether than NNP
C. Equal to NNP
D. Is found from NNP
7 Govt. transfer payment include
A. Social security benefits
B. Welfare benefits
C. Student scholarships
D. All of the above
8 In erms of national income accounts, multiple counting efers to.
A. The addition to GNP of multiple units of a good
B. Counting cureently producedgoods more than once
C. The inclusion in GNP of gross spending and taxes
D. Counting both goods and services
9 The largest part of national income goes to
A. Consumption
B. Investment
C. Saving
D. Transfer payment
10 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

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  • Zarri

    Zarri

    06 Dec 2017

    I want to fill the quiz

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