12th class Economics chapter 1 online mcq test with answers for ICS part 2 Economics chapter 1 (National Income)

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Sr.#	Question	Answer
1	Govt. transfer payment include	A. Social security benefits B. Welfare benefits C. Student scholarships D. All of the above
2	The goods which arw used directly by the people are called.	A. Consumer goods B. Capital good C. Direct good D. None
3	Which statment is true	A. National Income = Naional expenditure - indirettaxes B. N1 =GNP -NNP C. N1 =P1 D. NI =NNP-Indirect taxes
4	Corporae tax is levied on	A. Landdlords B. Inporters C. Big companies D. Municipal corporations
5	Direct taxes are not included in	A. DPI B. PI C. NNP D. a and c above
6	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
7	If we deduct direct tax from personal income we get.	A. Net National income B. Disposable income C. Personal saving D. Per capital income
8	A TV set purchased from a retail store is an example of.	A. Final goods B. Surplus goods C. Capital goods D. Intermediate goods
9	We measure natonalincome by this method.	A. Expenditure method B. Income method C. Product method D. As of the above
10	The largest part of national income goes to	A. Consumption B. Investment C. Saving D. Transfer payment