2nd Year Economics Chapter 1 Online MCQ Test for 12th Class Economics Chapter 1 (National Income)

ICS Part 2 Economics English Medium Chapter 1 Test

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MCQ's Test For Chapter 0 "ICS Part 2 Economics English Medium Chapter 1 Online Test"

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ICS Part 2 Economics English Medium Chapter 1 Online Test

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Question # 1

Which measure has the larger value .

Question # 2

Consumption spending does NOT include.

Question # 3

Total value of allfinal goods andservices produced annually by a country.

Question # 4

Corporae tax is levied on

Question # 5

Per capita Incom is.

Question # 6

Transfer payments means.

Question # 7

In erms of national income accounts, multiple counting efers to.

Question # 8

It is avoided to make correct estimate of national income.

Question # 9

It is considred as transfer payments

Question # 10

Which of the following would NOT be included in GNP

Question # 11

National income is a measure of

Question # 12

The have a functional relation

Question # 13

If we deduct direct tax from personal income we get.

Question # 14

It is duducted from GNP to find NNP

Question # 15

Personal income includes.

Question # 16

Transfer payments means

Question # 17

Investment spending included the purchase of.

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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 Country is poor if it has.
A. Less production of gods per capita
B. Less amount of gold
C. Less amout of foreign currency
D. Less exports
2 The goods which arw used directly by the people are called.
A. Consumer goods
B. Capital good
C. Direct good
D. None
3 Corporae tax is levied on
A. Landdlords
B. Inporters
C. Big companies
D. Municipal corporations
4 GNP includes
A. A Loan from a bank
B. A loan from one's parents
C. A brokers commission
D. Gilfts and donations
5 Total value of allfinal goods andservices produced annually by a country.
A. NNP
B. GNP
C. GDP
D. NI
6 Threre are methods of measurieng natinal income
A. 5
B. 4
C. 2
D. 3
7 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
8 Transfer payments include.
A. Daily wages, pensions
B. Pensions Zakat
C. Taxes, pocket money
D. Zakat , taxes
9 It is not included in estimation of national incoe
A. Illegal income
B. Services of house wife
C. Imports
D. All are not included
10 If we deduct direct tax from personal income we get.
A. Net National income
B. Disposable income
C. Personal saving
D. Per capital income

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