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

00:00
Question # 1

Transfer payments means.

Question # 2

Consumption spending does NOT include.

Question # 3

Which statment is true

Question # 4

National Income = Ntional Expenditure is an

Question # 5

Which is a flow concept.

Question # 6

If saving exceed investment then

Question # 7

Threre are methods of measurieng natinal income

Question # 8

Which of the following would NOT be included in GNP

Question # 9

It is transfer payment

Question # 10

To determine the correct level of GNP ,it is necessary to.

Question # 11

PI is equivalent to

Question # 12

Direct taxes are not included in

Question # 13

GNP is always.

Question # 14

It is considred as transfer payments

Question # 15

Transfer payments are not included in national income becaues.

Question # 16

National Income is.

Question # 17

Total value of allfinal goods andservices produced annually by a country.

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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 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
2 Net Exports are
A. Total Exports plus total imports
B. Total exports minus total imports
C. Total exports divided by total imports
D. Total imports minus total exports
3 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
4 National Income = Ntional Expenditure is an
A. Equation
B. Identity
C. Function
D. None
5 It is transfer payment
A. Payment o college tuition
B. A social securiy payment
C. Payment for a leased car
D. Intrest paid for a bank loan
6 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
7 If C= 200 and I= 40 Than Y will equal
A. 160
B. 240
C. 200
D. 8000
8 It would increase the lvel of national income.
A. An increase in taxation
B. A reduction in governmnet spending
C. An increase in exports
D. Students scholarships
9 The largest type fo in come in the Pakistan is
A. Compensation of employees
B. Propretors income
C. Rental income
D. Corporate profits
10 National Income is.
A. Total Income earned in producing the national product
B. All taxes plus govt. spending
C. Sum of personal income and saving
D. NNP minus the capital consumption allowance

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  • Zarri

    Zarri

    06 Dec 2017

    I want to fill the quiz

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