Question # 1

Investment spending included the purchase of.

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Lottery coupon

Prize Bond

Residential construction

all of the above

The largest type fo in come in the Pakistan is

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Compensation of employees

Propretors income

Rental income

Corporate profits

Which statment is true

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NNP =GNP- Deprection

NNP =N1

NNP = DPI

NNP = GNP + Depreciation

GNP is always.

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Less than NNP

Grether than NNP

Equal to NNP

Is found from NNP

Which of the followign is not included in personali income

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Social security benefits

Dividend payments

Undistributed corporate profits

Interest received from of saving certificates

The four factor payments are.

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Money, Capital, salaries, and income

Wages, rent internest and profts

Money, power, Prices, and wwalth

Wags, intrest, salareis,andtaxes.

In economics one of more persons living in a joint family are called a

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Community

Social gathering

Super family

Household

National income is a measure of

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The zise of government revenue

Payments made to facor of production

Production f goods per day

Total working hours

National Income is.

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Total Income earned in producing the national product

All taxes plus govt. spending

Sum of personal income and saving

NNP minus the capital consumption allowance

The largest part of national income goes to

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Consumption

Investment

Saving

Transfer payment

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

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Personla savings

DPI

National Income

Percapita inocme

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

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Add up the values of goods and services during one year

Add up allsavings

Count all imports

Add up the value of semi finished goods

Transfer payments are not included in national income becaues.

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Such payments are made to persons livnig abroad

Double counting would result

They are illegal

There is no method to account for these

Which is a flow concept.

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Number of my shirts

My montly income

My total wealth

Money Supply

It is considered as investment

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Construction of a house

Purchase of an old house

Salaries of college professors

a and b above

It is counted in GDP

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Sale price of an old car

A TV set produced this year but not sold

Purchase of 100 shares of PSO

The leisure people consume

PI is equivalent to

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DPI Minus personal taxes

DIP Plus unerned receipts

DPI Minus income earned but not received

NI plus unearned receipts minus personal taxes

Direct taxes are not included in

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DPI

PI

NNP

a and c above

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Economics Ics Part 2 English Medium Chapter 1 Online Test MCQs With Answers

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