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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
We measure natonalincome by this method.
Question # 2
Total value fo all final goods and services produced annually by a country.
Question # 3
If C= 200 and I= 40 Than Y will equal
Question # 4
Which statment is true
Question # 5
A closed economy is best described as one in which
Question # 6
If we deduct direct tax from personal income we get.
Question # 7
Macroeconomics is concerned with.
Question # 8
PI is equivalent to
Question # 9
Which of the following would NOT be included in GNP
Question # 10
It is avoided to make correct estimate of national income.
Question # 11
In economics one of more persons living in a joint family are called a
Question # 12
Net investment is
Question # 13
Market value of all final goods and services produced in a country during a year is definition
Question # 14
Govt. transfer payment include
Question # 15
To determine the correct level of GNP ,it is necessary to.
Question # 16
If we include it. national income will be over estimated
Question # 17
In erms of national income accounts, multiple counting efers to.
ICS Part 2 Economics English Medium Chapter 1 Test
Top Scorers Of Chapter 0 "ICS Part 2 Economics English Medium Chapter 1 Online Test" MCQ`s Test
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Z Zureen Abid 24 - Sep - 2024 01 Min 43 Sec 17/17 -
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 -
H Hasnain Mushtaq 22 - May - 2023 00 Min 03 Sec 12/17 -
L Lishay_1921 03 - Nov - 2023 06 Min 19 Sec 12/17 -
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H Hussain Ahmad 23 - May - 2023 03 Min 35 Sec 11/17 -
Z Zahra Haq 02 - Jan - 2024 04 Min 24 Sec 11/17 -
M Mian Ubaid Ur Rehman 30 - Apr - 2024 04 Min 35 Sec 11/17 -
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H Hania Mughal 13 - Jun - 2023 03 Min 09 Sec 10/17 -
M Manoo Khan 15 - Feb - 2024 03 Min 30 Sec 10/17 -
M Maha Butt 15 - Jul - 2023 03 Min 50 Sec 10/17 -
A Ayesha Gull 28 - Dec - 2023 04 Min 15 Sec 10/17 -
M mahsheed kashif 09 - Apr - 2024 04 Min 48 Sec 10/17
ICS Part II Economics Chapter 0 Important MCQ's
| Sr.# | Question | Answer |
|---|---|---|
| 1 | It is considred as transfer payments |
A. Salaries of govet emplyees
B. Bonus of bank employees
C. Inemployment allowance paid by govt
D. Free medical are to offers.
|
| 2 | GNP includes |
A. A Loan from a bank
B. A loan from one's parents
C. A brokers commission
D. Gilfts and donations
|
| 3 | The have a functional relation |
A. Consumption and national income
B. Consumption and saving
C. Consumption and investment
D. All of the above
|
| 4 | 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
|
| 5 | In erms of national income accounts, multiple counting efers to. |
A. The addition to GNP of multiple units of a good
B. Counting cureently producedgoods more than once
C. The inclusion in GNP of gross spending and taxes
D. Counting both goods and services
|
| 6 | Direct taxes are not included in |
A. DPI
B. PI
C. NNP
D. a and c above
|
| 7 | National Income = Ntional Expenditure is an |
A. Equation
B. Identity
C. Function
D. None
|
| 8 | If we include it. national income will be over estimated |
A. Transfer payment
B. Income from abroad
C. Illegal income
D. Exports
|
| 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 | Which is a flow concept. |
A. Number of my shirts
B. My montly income
C. My total wealth
D. Money Supply
|
Test Questions