12th class Economics chapter 1 online mcq test with answers for ICS part 2 Economics chapter 1 (National Income)

Top Scorers Of Chapter 0 "ICS Part 2 Economics English Medium Chapter 1 Online Test" MCQ`s Test

Sr.#	Question	Answer
1	Transfer payments means.	A. Bank loans B. The payment without work C. Payments made to all factors of production D. Tax payments
2	Country is poor if it has.	A. Less production of gods per capita B. Less amount of gold C. Less amout of foreign currency D. Less exports
3	Which is a flow concept.	A. Number of my shirts B. My montly income C. My total wealth D. Money Supply
4	It is avoided to make correct estimate of national income.	A. Free services B. Double counting C. Export earnings D. All of the above
5	In circular flow model	A. Govt. owns productive resources B. Firms own productive resources C. Households own productive resorces D. Rent of land is not included
6	GNP includes	A. A Loan from a bank B. A loan from one's parents C. A brokers commission D. Gilfts and donations
7	Total value of allfinal goods andservices produced annually by a country.	A. NNP B. GNP C. GDP D. NI
8	Market value of all final goods and services produced in a country during a year is definition	A. GNP B. NNP C. NI D. Consumption
9	If saving exceed investment then	A. National income rises B. National income falls C. National income is not affected D. None of the above
10	Transfer payments means	A. Bank loans B. The payment without work C. Tax payments D. Payments made to all factors of production