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ICS Part 2 Economics English Medium Chapter 1 Test
Start Chapter 1 TestICS Part 2 Economics English Medium Chapter Wise MCQ's Test
MCQ's Test For Chapter 0 "ICS Part 2 Economics English Medium Chapter 1 Online Test"
Try The MCQ's Test For Chapter 0 "ICS Part 2 Economics English Medium Chapter 1 Online Test"
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Total Questions17
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Time Allowed20
ICS Part 2 Economics English Medium Chapter 1 Online Test
00:00
Question # 1
A closed economy is best described as one in which
Question # 2
Which is a flow concept.
Question # 3
National income is a measure of
Question # 4
Total value of allfinal goods andservices produced annually by a country.
Question # 5
Investment spending included the purchase of.
Question # 6
PI is equivalent to
Question # 7
The four factor payments are.
Question # 8
Per capita Incom is.
Question # 9
Whis is the largest figure
Question # 10
Country is poor if it has.
Question # 11
If we deduct direct tax from personal income we get.
Question # 12
Which of the followign is not included in personali income
Question # 13
It is considered as investment
Question # 14
Gross nationa product includes
Question # 15
In economics one of more persons living in a joint family are called a
Question # 16
Net Exports are
Question # 17
The largest part of national income goes to
ICS Part 2 Economics English Medium Chapter 1 Test
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M M.Attiq-U-Rehman 26 - Nov - 2023 02 Min 23 Sec 16/17 -
M Muhammad Kashif 25 - Apr - 2024 05 Min 12 Sec 14/17 -
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M mahsheed kashif 09 - Apr - 2024 04 Min 48 Sec 10/17 -
Q Qazi Mohid 08 - Jun - 2026 07 Min 51 Sec 10/17
ICS Part II Economics Chapter 0 Important MCQ's
| Sr.# | Question | Answer |
|---|---|---|
| 1 | If indirect taxes are deducted from NNP and subsidies are added. we achieve |
A. Personla savings
B. DPI
C. National Income
D. Percapita inocme
|
| 2 | Transfer payments means. |
A. Bank loans
B. The payment without work
C. Payments made to all factors of production
D. Tax payments
|
| 3 | It is duducted from GNP to find NNP |
A. Saving
B. Direct taxes
C. Depreciatin allowance
D. Subsidies
|
| 4 | GNP is always. |
A. Less than NNP
B. Grether than NNP
C. Equal to NNP
D. Is found from NNP
|
| 5 | The largest type of income in the Pakistan is |
A. Compensation of employees
B. Rental income
C. Proprietors income
D. Coporate profits
|
| 6 | Which statment is true |
A. National Income = Naional expenditure - indirettaxes
B. N1 =GNP -NNP
C. N1 =P1
D. NI =NNP-Indirect taxes
|
| 7 | Which measure has the larger value . |
A. NNP
B. GNP
C. GDP
D. NI
|
| 8 | PI is equivalent to |
A. DPI Minus personal taxes
B. DIP Plus unerned receipts
C. DPI Minus income earned but not received
D. NI plus unearned receipts minus personal taxes
|
| 9 | GNP includes |
A. A Loan from a bank
B. A loan from one's parents
C. A brokers commission
D. Gilfts and donations
|
| 10 | Which of the followign is not included in personali income |
A. Social security benefits
B. Dividend payments
C. Undistributed corporate profits
D. Interest received from of saving certificates
|
Test Questions
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06 Dec 2017I want to fill the quiz