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

In economics one of more persons living in a joint family are called a

Question # 2

If we deduct direct tax from personal income we get.

Question # 3

Gross nationa product includes

Question # 4

It is considred as transfer payments

Question # 5

In circular flow model

Question # 6

In erms of national income accounts, multiple counting efers to.

Question # 7

If C= 200 and I= 40 Than Y will equal

Question # 8

The largest type of income in the Pakistan is

Question # 9

Circular flow of income links

Question # 10

The have a functional relation

Question # 11

Net Exports are

Question # 12

GNP is always.

Question # 13

National Income is.

Question # 14

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

Question # 15

Which of the following would NOT be included in GNP

Question # 16

When National income is estimated by expenditue method we include.

Question # 17

In calculating national income which one will NOT be included.

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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 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
2 It is not included in estimation of national incoe
A. Illegal income
B. Services of house wife
C. Imports
D. All are not included
3 The largest part of national income goes to
A. Consumption
B. Investment
C. Saving
D. Transfer payment
4 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
5 The goods which arw used directly by the people are called.
A. Consumer goods
B. Capital good
C. Direct good
D. None
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 It is avoided to make correct estimate of national income.
A. Free services
B. Double counting
C. Export earnings
D. All of the above
8 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
9 GNP is always.
A. Less than NNP
B. Grether than NNP
C. Equal to NNP
D. Is found from NNP
10 The have a functional relation
A. Consumption and national income
B. Consumption and saving
C. Consumption and investment
D. All of the above

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  • Zarri

    Zarri

    06 Dec 2017

    I want to fill the quiz

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