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	Which measure has the larger value .	A. NNP B. GNP C. GDP D. NI
2	To determine the correct level of GNP ,it is necessary to.	A. Add up the values of goods and services during one year B. Add up allsavings C. Count all imports D. Add up the value of semi finished goods
3	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
4	Transfer payments include.	A. Daily wages, pensions B. Pensions Zakat C. Taxes, pocket money D. Zakat , taxes
5	Personal income includes.	A. Direct taxes B. Indirect taxes C. Depreciation D. None of the above
6	Govt. transfer payment include	A. Social security benefits B. Welfare benefits C. Student scholarships D. All of the above
7	If we include it. national income will be over estimated	A. Transfer payment B. Income from abroad C. Illegal income D. Exports
8	Corporae tax is levied on	A. Landdlords B. Inporters C. Big companies D. Municipal corporations
9	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
10	Transfer payments means.	A. Bank loans B. The payment without work C. Payments made to all factors of production D. Tax payments