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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
Transfer payments include.
Question # 2
It is considered as investment
Question # 3
Which statment is true
Question # 4
It is transfer payment
Question # 5
If we deduct direct tax from personal income we get.
Question # 6
GNP is always.
Question # 7
In calculating national income which one will NOT be included.
Question # 8
The four factor payments are.
Question # 9
Which of the followign is not included in personali income
Question # 10
National Income = Ntional Expenditure is an
Question # 11
Govt. transfer payment include
Question # 12
If govermment increases taxes pivate savings.
Question # 13
It is considred as transfer payments
Question # 14
Net investment is
Question # 15
National Income is.
Question # 16
Total value of allfinal goods andservices produced annually by a country.
Question # 17
It is not included in estimation of national incoe
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 | A TV set purchased from a retail store is an example of. |
A. Final goods
B. Surplus goods
C. Capital goods
D. Intermediate goods
|
| 2 | When National income is estimated by expenditue method we include. |
A. All govt expenditure
B. All houseolds expenditure
C. All of the above
D. All expenditure of the business sector
|
| 3 | If govermment increases taxes pivate savings. |
A. Increase
B. Decrease
C. Do not change
D. Will become zero
|
| 4 | Consumption spending does NOT include. |
A. Household's purchases of clothes
B. Household's purchase of a car
C. Household's paymnet of rent for an apartment
D. Household's purchase of shares of a business corporation
|
| 5 | 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
|
| 6 | We measure natonalincome by this method. |
A. Expenditure method
B. Income method
C. Product method
D. As of the above
|
| 7 | 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.
|
| 8 | Transfer payments means |
A. Bank loans
B. The payment without work
C. Tax payments
D. Payments made to all factors of production
|
| 9 | Net investment is |
A. Gross investment minus household investment
B. Gross investment minus govt. investment
C. Gross investment minus capital consumption allowance
D. None of the above
|
| 10 | Which of the followign is not included in personali income |
A. Social security benefits
B. Dividend payments
C. Undistributed corporate profits
D. Interest received from of saving certificates
|
Test Questions