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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
National income is a measure of
Question # 3
Transfer payments means
Question # 4
PI is equivalent to
Question # 5
The goods which arw used directly by the people are called.
Question # 6
Corporae tax is levied on
Question # 7
A TV set purchased from a retail store is an example of.
Question # 8
In economics one of more persons living in a joint family are called a
Question # 9
Circular flow of income links
Question # 10
In calculating national income which one will NOT be included.
Question # 11
It is not included in estimation of national incoe
Question # 12
It is duducted from GNP to find NNP
Question # 13
The largest part of national income goes to
Question # 14
Total value fo all final goods and services produced annually by a country.
Question # 15
The largest type fo in come in the Pakistan is
Question # 16
The four factor payments are.
Question # 17
If C= 200 and I= 40 Than Y will equal
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 | Govt. transfer payment include |
A. Social security benefits
B. Welfare benefits
C. Student scholarships
D. All of the above
|
| 2 | If govermment increases taxes pivate savings. |
A. Increase
B. Decrease
C. Do not change
D. Will become zero
|
| 3 | GNP includes |
A. A Loan from a bank
B. A loan from one's parents
C. A brokers commission
D. Gilfts and donations
|
| 4 | In erms of national income accounts, multiple counting efers to. |
A. The addition to GNP of multiple units of a good
B. Counting cureently producedgoods more than once
C. The inclusion in GNP of gross spending and taxes
D. Counting both goods and services
|
| 5 | It is considered as investment |
A. Construction of a house
B. Purchase of an old house
C. Salaries of college professors
D. a and b above
|
| 6 | Which statment is true |
A. NNP =GNP- Deprection
B. NNP =N1
C. NNP = DPI
D. NNP = GNP + Depreciation
|
| 7 | The largest part of national income goes to |
A. Consumption
B. Investment
C. Saving
D. Transfer payment
|
| 8 | If C= 200 and I= 40 Than Y will equal |
A. 160
B. 240
C. 200
D. 8000
|
| 9 | The have a functional relation |
A. Consumption and national income
B. Consumption and saving
C. Consumption and investment
D. All of the above
|
| 10 | Transfer payments are not included in national income becaues. |
A. Such payments are made to persons livnig abroad
B. Double counting would result
C. They are illegal
D. There is no method to account for these
|
Test Questions