1st Chapter

ICS Part 2 Economics English Medium Chapter 1 Test

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

Start Chapter 1 Test

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

Sr. # Questions Answers Choice
1 Transfer payments include.
  • A. Daily wages, pensions
  • B. Pensions Zakat
  • C. Taxes, pocket money
  • D. Zakat , taxes
2 The largest part of national income goes to
  • A. Consumption
  • B. Investment
  • C. Saving
  • D. Transfer payment
3 National Income = Ntional Expenditure is an
  • A. Equation
  • B. Identity
  • C. Function
  • D. None
4 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
5 A TV set purchased from a retail store is an example of.
  • A. Final goods
  • B. Surplus goods
  • C. Capital goods
  • D. Intermediate goods
6 The four factor payments are.
  • A. Money, Capital, salaries, and income
  • B. Wages, rent internest and profts
  • C. Money, power, Prices, and wwalth
  • D. Wags, intrest, salareis,andtaxes.
7 Which statment is true
  • A. NNP =GNP- Deprection
  • B. NNP =N1
  • C. NNP = DPI
  • D. NNP = GNP + Depreciation
8 It is not included in estimation of national incoe
  • A. Illegal income
  • B. Services of house wife
  • C. Imports
  • D. All are not included
9 If C= 200 and I= 40 Than Y will equal
  • A. 160
  • B. 240
  • C. 200
  • D. 8000
10 If saving exceed investment then
  • A. National income rises
  • B. National income falls
  • C. National income is not affected
  • D. None of the above

Top Scorers of ICS Part 2 Economics English Medium Chapter 1 Online Test

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Muhammad Hassan

Lahore29 - Apr - 2025

16/17
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Tomboy Tomboy

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16/17
03 Mins 09 Sec
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Muhammad Hassan

Lahore26 - Apr - 2025

15/17
03 Mins 09 Sec
A

Alfalah

Lahore27 - Apr - 2025

14/17
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Tomboy Tomboy

Lahore09 - Apr - 2025

13/17
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Tomboy Tomboy

Lahore09 - Apr - 2025

11/17
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Lahore17 - Apr - 2025

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Lahore27 - Apr - 2025

11/17
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Afra Afzal

Lahore29 - Apr - 2025

11/17
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Maqsood Akhtar

Lahore30 - Jun - 2025

10/17
05 Mins 42 Sec
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Saira Irshad

Lahore15 - May - 2025

9/17
06 Mins 08 Sec

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    Zarri

    06 Dec 2017

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