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ICS Part 2 Economics English Medium Chapter 1 Test
Start Chapter 1 TestICS Part 2 Economics English Medium Chapter Wise MCQ's Test
MCQ's Test For Chapter 0 "ICS Part 2 Economics English Medium Chapter 1 Online Test"
Try The MCQ's Test For Chapter 0 "ICS Part 2 Economics English Medium Chapter 1 Online Test"
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Total Questions17
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Time Allowed20
ICS Part 2 Economics English Medium Chapter 1 Online Test
00:00
Question # 1
If we include it. national income will be over estimated
Question # 2
The have a functional relation
Question # 3
GNP is
Question # 4
Which of the followign is not included in personali income
Question # 5
It is duducted from GNP to find NNP
Question # 6
It is counted in GDP
Question # 7
Net investment is
Question # 8
It is avoided to make correct estimate of national income.
Question # 9
In circular flow model
Question # 10
Which measure has the larger value .
Question # 11
The largest type of income in the Pakistan is
Question # 12
If C= 200 and I= 40 Than Y will equal
Question # 13
When National income is estimated by expenditue method we include.
Question # 14
To determine the correct level of GNP ,it is necessary to.
Question # 15
It is not included in estimation of national incoe
Question # 16
GNP includes
Question # 17
Gross nationa product includes
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 | Corporae tax is levied on |
A. Landdlords
B. Inporters
C. Big companies
D. Municipal corporations
|
| 2 | A TV set purchased from a retail store is an example of. |
A. Final goods
B. Surplus goods
C. Capital goods
D. Intermediate goods
|
| 3 | Direct taxes are not included in |
A. DPI
B. PI
C. NNP
D. a and c above
|
| 4 | Govt. transfer payment include |
A. Social security benefits
B. Welfare benefits
C. Student scholarships
D. All of the above
|
| 5 | In economics one of more persons living in a joint family are called a |
A. Community
B. Social gathering
C. Super family
D. Household
|
| 6 | 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
|
| 7 | Which statment is true |
A. National Income = Naional expenditure - indirettaxes
B. N1 =GNP -NNP
C. N1 =P1
D. NI =NNP-Indirect taxes
|
| 8 | The goods which arw used directly by the people are called. |
A. Consumer goods
B. Capital good
C. Direct good
D. None
|
| 9 | If we include it. national income will be over estimated |
A. Transfer payment
B. Income from abroad
C. Illegal income
D. Exports
|
| 10 | The four factor payments are. |
A. Money, Capital, salaries, and income
B. Wages, rent internest and profts
C. Money, power, Prices, and wwalth
D. Wags, intrest, salareis,andtaxes.
|
Test Questions