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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
Total value of allfinal goods andservices produced annually by a country.
Question # 2
Macroeconomics is concerned with.
Question # 3
Total value fo all final goods and services produced annually by a country.
Question # 4
Transfer payments means
Question # 5
Direct taxes are not included in
Question # 6
National income is a measure of
Question # 7
Which is a flow concept.
Question # 8
A TV set purchased from a retail store is an example of.
Question # 9
Market value of all final goods and services produced in a country during a year is definition
Question # 10
The four factor payments are.
Question # 11
In erms of national income accounts, multiple counting efers to.
Question # 12
It is not included in estimation of national incoe
Question # 13
If indirect taxes are deducted from NNP and subsidies are added. we achieve
Question # 14
National Income is.
Question # 15
Circular flow of income links
Question # 16
National Income = Ntional Expenditure is an
Question # 17
The largest part of national income goes to
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 | Whis is the largest figure |
A. NNP
B. GNP
C. DPI
D. PI
|
| 2 | 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
|
| 3 | Threre are methods of measurieng natinal income |
A. 5
B. 4
C. 2
D. 3
|
| 4 | Direct taxes are not included in |
A. DPI
B. PI
C. NNP
D. a and c above
|
| 5 | It is duducted from GNP to find NNP |
A. Saving
B. Direct taxes
C. Depreciatin allowance
D. Subsidies
|
| 6 | Total value fo all final goods and services produced annually by a country. |
A. NNP
B. GNP
C. GDP
D. NI
|
| 7 | GNP includes |
A. A Loan from a bank
B. A loan from one's parents
C. A brokers commission
D. Gilfts and donations
|
| 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 | 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
|
| 10 | Which of the following would NOT be included in GNP |
A. Govt. Transfer payments
B. Got. Purchase of an air plane
C. Payment for construction of highway
D. Salary paid for the presidents secretary
|
Test Questions
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Zarri
06 Dec 2017I want to fill the quiz