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

Direct taxes are not included in

Question # 2

The have a functional relation

Question # 3

In circular flow model

Question # 4

Corporae tax is levied on

Question # 5

It would increase the lvel of national income.

Question # 6

Govt. transfer payment include

Question # 7

When National income is estimated by expenditue method we include.

Question # 8

It is counted in GDP

Question # 9

In calculating national income which one will NOT be included.

Question # 10

GNP includes

Question # 11

Macroeconomics is concerned with.

Question # 12

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

Question # 13

If C= 200 and I= 40 Than Y will equal

Question # 14

It is not included in estimation of national incoe

Question # 15

National Income = Ntional Expenditure is an

Question # 16

PI is equivalent to

Question # 17

If we include it. national income will be over estimated

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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. National Income = Naional expenditure - indirettaxes
B. N1 =GNP -NNP
C. N1 =P1
D. NI =NNP-Indirect taxes
2 The have a functional relation
A. Consumption and national income
B. Consumption and saving
C. Consumption and investment
D. All of the above
3 Threre are methods of measurieng natinal income
A. 5
B. 4
C. 2
D. 3
4 It is duducted from GNP to find NNP
A. Saving
B. Direct taxes
C. Depreciatin allowance
D. Subsidies
5 Direct taxes are not included in
A. DPI
B. PI
C. NNP
D. a and c above
6 Corporae tax is levied on
A. Landdlords
B. Inporters
C. Big companies
D. Municipal corporations
7 Which measure has the larger value .
A. NNP
B. GNP
C. GDP
D. NI
8 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
9 Total value of allfinal goods andservices produced annually by a country.
A. NNP
B. GNP
C. GDP
D. NI
10 The largest part of national income goes to
A. Consumption
B. Investment
C. Saving
D. Transfer payment

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