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2nd Chapter

12th Economics Chapter 2 Test

Here you can prepare 12th Economics English Medium Chapter 2 Equilibrium of National Income Test. Click the button for 100% free full practice test.

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

This online test contains MCQs about following topics:

. Determinatin of national incone, Consumption, Saving, MPC, MPS insvestment, Aggregate demand, Aggregate suply, Y=C+S, Y=C+I, Equilibrium income where S=I.

ICS Part 2 Economics Ch. 2 Test
ic

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

Sr. # Questions Answers Choice
1 GDP atconstnat prices, calculated according to some base year is called.
  • A. acutal GDP
  • B. Real GDP
  • C. Net GDP
  • D. Nominal GDP
2 Which shows equilibrium of national income
  • A. Consumption = investment
  • B. Saving = investment
  • C. Saving > investment
  • D. Saving < investment
3 In equilibrium of nationalincome.
  • A. S > I
  • B. S = I
  • C. S < I
  • D. All are true
4 MPC is always.
  • A. Positive
  • B. Negative
  • C. Zero
  • D. More then APC
5 National income equals.
  • A. c+ I+g
  • B. c-i-g
  • C. c-s-g
  • D. c+s+g
6 This will cause decrease in natioal income.
  • A. Rise in exports
  • B. Rise in saving
  • C. Increas in taxese
  • D. B and C above
7 If C = 200 and I = 40 then Y will equal
  • A. 160
  • B. 240
  • C. 8000
  • D. None of the above
8 Marginal propensity to consume MPC is.
  • A. Total income spent on consumption
  • B. Ratio of additionalincome consumed
  • C. Ratio of total income consumed
  • D. Consumption divided by saving
9 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
10 This wil cause anincrease in national income
  • A. Rise in exports
  • B. Fall in consumer spending
  • C. Rise in imports
  • D. Increase in saving

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