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

National income is a measure of

Question # 2

To determine the correct level of GNP ,it is necessary to.

Question # 3

The four factor payments are.

Question # 4

If indirect taxes are deducted from NNP and subsidies are added. we achieve

Question # 5

Govt. transfer payment include

Question # 6

Which statment is true

Question # 7

Which of the followign is not included in personali income

Question # 8

Transfer payments means.

Question # 9

Investment spending included the purchase of.

Question # 10

The largest part of national income goes to

Question # 11

It would increase the lvel of national income.

Question # 12

Which statment is true

Question # 13

A TV set purchased from a retail store is an example of.

Question # 14

If saving exceed investment then

Question # 15

It is considred as transfer payments

Question # 16

Circular flow of income links

Question # 17

If we deduct direct tax from personal income we get.

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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 Transfer payments means.
A. Bank loans
B. The payment without work
C. Payments made to all factors of production
D. Tax payments
2 Undisributed proits are considered.
A. Income enrned but not received
B. Income eearned and received
C. Income received but not earned
D. None of the above
3 Investment spending included the purchase of.
A. Lottery coupon
B. Prize Bond
C. Residential construction
D. all of the above
4 Circular flow of income links
A. Income expenditure
B. Govt taxes govt expenditure
C. Exports ,imports
D. Saving and investment
5 The goods which arw used directly by the people are called.
A. Consumer goods
B. Capital good
C. Direct good
D. None
6 Govt. transfer payment include
A. Social security benefits
B. Welfare benefits
C. Student scholarships
D. All of the above
7 Whis is the largest figure
A. NNP
B. GNP
C. DPI
D. PI
8 Which of the followign is not included in personali income
A. Social security benefits
B. Dividend payments
C. Undistributed corporate profits
D. Interest received from of saving certificates
9 Personal income includes.
A. Direct taxes
B. Indirect taxes
C. Depreciation
D. None of the above
10 It is transfer payment
A. Payment o college tuition
B. A social securiy payment
C. Payment for a leased car
D. Intrest paid for a bank loan

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