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1st Chapter

12th Economics Chapter 1 Test

Here you can prepare 12th Economics English Medium Chapter 1 National Income Test. Click the button for 100% free full practice test.

2nd Year Economics Chapter 1 Online MCQ Test for 12th Class Economics Chapter 1 (National Income)

This online test contains MCQs about following topics:

. National accounting, National incone, Concepts, GDP, GNP, NNP, Personal income, Disposable income, per capital income, Circular Flow of income, Measurement of National income, factors of National incone, Uses of national income statistics.

ICS Part 2 Economics Ch. 1 Test
ic

2nd Year Economics Chapter 1 Online MCQ Test for 12th Class Economics Chapter 1 (National Income)

Sr. # Questions Answers Choice
1 Govt. transfer payment include
  • A. Social security benefits
  • B. Welfare benefits
  • C. Student scholarships
  • D. All of the above
2 GNP includes
  • A. A Loan from a bank
  • B. A loan from one's parents
  • C. A brokers commission
  • D. Gilfts and donations
3 If indirect taxes are deducted from NNP and subsidies are added. we achieve
  • A. Personla savings
  • B. DPI
  • C. National Income
  • D. Percapita inocme
4 The have a functional relation
  • A. Consumption and national income
  • B. Consumption and saving
  • C. Consumption and investment
  • D. All of the above
5 Transfer payments means
  • A. Bank loans
  • B. The payment without work
  • C. Tax payments
  • D. Payments made to all factors of production
6 Which of the following would NOT be included in GNP
  • A. Govt. Transfer payments
  • B. Got. Purchase of an air plane
  • C. Payment for construction of highway
  • D. Salary paid for the presidents secretary
7 Direct taxes are not included in
  • A. DPI
  • B. PI
  • C. NNP
  • D. a and c above
8 Gross nationa product includes
  • A. A loan from one's parents
  • B. A loan from a domestic bank
  • C. A loan from other countries
  • D. None of theabove
9 If C= 200 and I= 40 Than Y will equal
  • A. 160
  • B. 240
  • C. 200
  • D. 8000
10 Whis is the largest figure
  • A. NNP
  • B. GNP
  • C. DPI
  • D. PI

Top Scorers of Economics Ics Part 2 English Medium Chapter 1 Online Test

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Lahore30 - Apr - 2024

11/17
04 Mins 35 Sec
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Lahore27 - Apr - 2024

9/17
02 Mins 05 Sec
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Mr Turbo

Lahore27 - Apr - 2024

9/17
03 Mins 56 Sec
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Aman Mehmood

Lahore29 - Apr - 2024

9/17
04 Mins 35 Sec

Chapterwise Lists

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    06 Dec 2017

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