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	It is counted in GDP	A. Sale price of an old car B. A TV set produced this year but not sold C. Purchase of 100 shares of PSO D. The leisure people consume
2	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
3	Which of the following would NOT be included in GNP	A. Govt. Transfer payments B. Got. Purchase of an air plane C. Payment for construction of highway D. Salary paid for the presidents secretary
4	GNP includes	A. A Loan from a bank B. A loan from one's parents C. A brokers commission D. Gilfts and donations
5	The largest type fo in come in the Pakistan is	A. Compensation of employees B. Propretors income C. Rental income D. Corporate profits
6	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
7	A TV set purchased from a retail store is an example of.	A. Final goods B. Surplus goods C. Capital goods D. Intermediate goods
8	Personal income includes.	A. Direct taxes B. Indirect taxes C. Depreciation D. None of the above
9	A closed economy is best described as one in which	A. thre are no monopolies B. No corporations C. No extemalities D. No international trade
10	Total value fo all final goods and services produced annually by a country.	A. NNP B. GNP C. GDP D. NI