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

ICS Part 2 Economics English Medium Chapter 2 Test

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MCQ's Test For Chapter 0 "ICS Part 2 Economics English Medium Chapter 2 Online Test"

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ICS Part 2 Economics English Medium Chapter 2 Online Test

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Question # 1

GDP atconstnat prices, calculated according to some base year is called.

Question # 2

Which shows equilibrium of national income

Question # 3

Equilibrium of national income will be when

Question # 4

This wil cause anincrease in national income

Question # 5

National income equals.

Question # 6

MPC is always.

Question # 7

Which of the following is a withdrawal from the circular flow of income stream.

Question # 8

Marginal propensity to consume MPC is.

Question # 9

Aggregate demand means.

Question # 10

Which one is investment in economics

Question # 11

In equilibrium of nationalincome.

Question # 12

If money supply in a country decreses

Question # 13

Consumption is a function of.

Question # 14

Which of the following would increase national income.

Question # 15

This will cause decrease in natioal income.

Question # 16

If C = 200 and I = 40 then Y will equal

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ICS Part 2 Economics English Medium Chapter 2 Test

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ICS Part II Economics Chapter 0 Important MCQ's

Sr.# Question Answer
1 Which of the following would increase national income.
A. Increase in taxation
B. incerese in savings
C. Increase in govt spending
D. Decrease in consumption spending
2 National income equals.
A. c+ I+g
B. c-i-g
C. c-s-g
D. c+s+g
3 Which one is investment in economics
A. Building a factory
B. Buyig shares in stock exchange
C. Depositing money in bank
D. Deposting money wiht housing society
4 MPC is always.
A. Positive
B. Negative
C. Zero
D. More then APC
5 Which of the following is a withdrawal from the circular flow of income stream.
A. Taxation
B. Consumption
C. Subsides
D. Investment
6 GDP atconstnat prices, calculated according to some base year is called.
A. acutal GDP
B. Real GDP
C. Net GDP
D. Nominal GDP
7 Consumption is a function of.
A. Saving
B. Investment
C. Income
D. Expenditure
8 Equilibrium of national income will be when
A. S >I
B. S < I
C. S = I
D. S - 1
9 This wil cause anincrease in national income
A. Rise in exports
B. Fall in consumer spending
C. Rise in imports
D. Increase in saving
10 If money supply in a country decreses
A. Price will rise
B. Price will fall
C. Rate of intrese falls
D. B and C of above

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