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1st Chapter

12th Economics Chapter 1 Test

Here you can prepare 12th Economics English Medium Chapter 1 National Income Test. Click the button for 100% free full practice test.

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

This online test contains MCQs about following topics:

. National accounting, National incone, Concepts, GDP, GNP, NNP, Personal income, Disposable income, per capital income, Circular Flow of income, Measurement of National income, factors of National incone, Uses of national income statistics.

ICS Part 2 Economics Ch. 1 Test
ic

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

Sr. # Questions Answers Choice
1 If we deduct direct tax from personal income, we get
  • A. Net national income
  • B. Personal saving
  • C. Disposable income
  • D. Per capital income
2 To determine the correct level of GNP, it is necessary to
  • A. To add up the values of goods and services during one year
  • B. Add up all savings
  • C. To count all imports
  • D. To add up the value of semi finished goods
3 Speculative demand of money depends upon
  • A. Income
  • B. investment
  • C. Rate of investment
  • D. Central bank
4 Corporate tax is levied on
  • A. Landlords
  • B. Municipal corporations
  • C. Big companies
  • D. Importers
5 Direct taxes are not included in
  • A. NNP
  • B. PI
  • C. DP
  • D. a and c of above
6 Who is the largest figure.
  • A. NNP
  • B. GNP
  • C. DPI
  • D. PI
7 Which statement is true
  • A. NNP = GNP - Depreciation
  • B. NNP = NI
  • C. NNP = DPI
  • D. None of these
8 We measure national income by this method
  • A. Expenditure method
  • B. Income method
  • C. Product method
  • D. All of the above
9 It is considered as transfer payments
  • A. Salaries of an employee
  • B. Bonus of bank employees
  • C. Wages of laborers
  • D. Unemployment allowance paid by govt.
10 Real national income increases when
  • A. Prices of goods are rising
  • B. National savings increase
  • C. Quantity of goods and services increases
  • D. None of the above

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

M

M.Attiq-U-Rehman

Lahore26 - Nov - 2023

16/17
02 Mins 23 Sec
Z

Zahra Haq

Lahore02 - Jan - 2024

11/17
04 Mins 24 Sec
M

Manoo Khan

Lahore15 - Feb - 2024

10/17
03 Mins 30 Sec
A

Ayesha Gull

Lahore28 - Dec - 2023

10/17
04 Mins 15 Sec

Chapterwise Lists

Chapter Name Questions PDF File
Economics Ics Part 2 English Medium Chapter 1 Online Test 17 Questions
Icom Part 2 Principles of Economics Chapter 1 English Medium Online Test 10 Questions
Economics Ics Part 2 English Medium Chapter 2 Online Test 17 Questions
Icom Part 2 Principles of Economics Chapter 2 English Medium Online Test 10 Questions
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Icom Part 2 Principles of Economics Chapter 3 English Medium Online Test 10 Questions
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Icom Part 2 Principles of Economics Chapter 7 English Medium Online Test 10 Questions
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Icom Part 2 Principles of Economics Chapter 8 English Medium Online Test 10 Questions
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Economics Ics Part 2 English Medium Chapter 10 Online Test 17 Questions
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