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

Govt. transfer payment include

Question # 2

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

Question # 3

Which of the followign is not included in personali income

Question # 4

Which is a flow concept.

Question # 5

Net investment is

Question # 6

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

Question # 7

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

Question # 8

If we include it. national income will be over estimated

Question # 9

It is not included in estimation of national incoe

Question # 10

Real national income increases when

Question # 11

Transfer payments means

Question # 12

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

Question # 13

PI is equivalent to

Question # 14

Which statment is true

Question # 15

It is avoided to make correct estimate of national income.

Question # 16

Transfer payments include.

Question # 17

Direct taxes are not included in

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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 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
2 Undisributed proits are considered.
A. Income enrned but not received
B. Income eearned and received
C. Income received but not earned
D. None of the above
3 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
4 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
5 Personal income includes.
A. Direct taxes
B. Indirect taxes
C. Depreciation
D. None of the above
6 In calculating national income which one will NOT be included.
A. Exports
B. Old age pensions
C. Wages of lecturer
D. Undistributed profit by firms
7 Govt. transfer payment include
A. Social security benefits
B. Welfare benefits
C. Student scholarships
D. All of the above
8 National Income is.
A. Total Income earned in producing the national product
B. All taxes plus govt. spending
C. Sum of personal income and saving
D. NNP minus the capital consumption allowance
9 Investment spending included the purchase of.
A. Lottery coupon
B. Prize Bond
C. Residential construction
D. all of the above
10 It is considred as transfer payments
A. Salaries of govet emplyees
B. Bonus of bank employees
C. Inemployment allowance paid by govt
D. Free medical are to offers.

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  • Zarri

    Zarri

    06 Dec 2017

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