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

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

Question # 2

Which is a flow concept.

Question # 3

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

Question # 4

The have a functional relation

Question # 5

The largest type of income in the Pakistan is

Question # 6

It is not included in estimation of national incoe

Question # 7

Real national income increases when

Question # 8

In economics one of more persons living in a joint family are called a

Question # 9

Market value of all final goods and services produced in a country during a year is definition

Question # 10

Corporae tax is levied on

Question # 11

It is avoided to make correct estimate of national income.

Question # 12

If saving exceed investment then

Question # 13

We measure natonalincome by this method.

Question # 14

Net Exports are

Question # 15

It is transfer payment

Question # 16

GNP is

Question # 17

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

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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 Which statment is true
A. NNP =GNP- Deprection
B. NNP =N1
C. NNP = DPI
D. NNP = GNP + Depreciation
2 GNP is always.
A. Less than NNP
B. Grether than NNP
C. Equal to NNP
D. Is found from NNP
3 The largest part of national income goes to
A. Consumption
B. Investment
C. Saving
D. Transfer payment
4 A TV set purchased from a retail store is an example of.
A. Final goods
B. Surplus goods
C. Capital goods
D. Intermediate goods
5 Macroeconomics is concerned with.
A. Aggregate economic activity
B. Spending decisions of households
C. Hod to produce goods
D. How tobuy stocks and bonds
6 It is duducted from GNP to find NNP
A. Saving
B. Direct taxes
C. Depreciatin allowance
D. Subsidies
7 Per capita Incom is.
A. Income per worker
B. Incomeper hea
C. Income per household
D. Income per industrial unit
8 Total value of allfinal goods andservices 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 GNP includes
A. A Loan from a bank
B. A loan from one's parents
C. A brokers commission
D. Gilfts and donations

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