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	Govt. transfer payment include	A. Social security benefits B. Welfare benefits C. Student scholarships D. All of the above
2	If govermment increases taxes pivate savings.	A. Increase B. Decrease C. Do not change D. Will become zero
3	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
4	It is duducted from GNP to find NNP	A. Saving B. Direct taxes C. Depreciatin allowance D. Subsidies
5	The largest part of national income goes to	A. Consumption B. Investment C. Saving D. Transfer payment
6	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
7	Real national income increases when	A. Prics of goods are rising B. National savings increases C. Quantity of goods and services increases D. None of the above
8	Corporae tax is levied on	A. Landdlords B. Inporters C. Big companies D. Municipal corporations
9	A closed economy is best described as one in which	A. thre are no monopolies B. No corporations C. No extemalities D. No international trade
10	It is considred as transfer payments	A. Salaries of govet emplyees B. Bonus of bank employees C. Inemployment allowance paid by govt D. Free medical are to offers.