12th class Economics chapter 1 online mcq test with answers for ICS part 2 Economics chapter 1 (National Income)

Top Scorers Of Chapter 0 "ICS Part 2 Economics English Medium Chapter 1 Online Test" MCQ`s Test

Sr.#	Question	Answer
1	Macroeconomics is concerned with.	A. Aggregate economic activity B. Spending decisions of households C. Hod to produce goods D. How tobuy stocks and bonds
2	It would increase the lvel of national income.	A. An increase in taxation B. A reduction in governmnet spending C. An increase in exports D. Students scholarships
3	Market value of all final goods and services produced in a country during a year is definition	A. GNP B. NNP C. NI D. Consumption
4	Consumption spending does NOT include.	A. Household's purchases of clothes B. Household's purchase of a car C. Household's paymnet of rent for an apartment D. Household's purchase of shares of a business corporation
5	When National income is estimated by expenditue method we include.	A. All govt expenditure B. All houseolds expenditure C. All of the above D. All expenditure of the business sector
6	It is not included in estimation of national incoe	A. Illegal income B. Services of house wife C. Imports D. All are not included
7	National Income = Ntional Expenditure is an	A. Equation B. Identity C. Function D. None
8	The largest part of national income goes to	A. Consumption B. Investment C. Saving D. Transfer payment
9	If C= 200 and I= 40 Than Y will equal	A. 160 B. 240 C. 200 D. 8000
10	Gross nationa product includes	A. A loan from one's parents B. A loan from a domestic bank C. A loan from other countries D. None of theabove