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

Marginal propensity to consume MPC is.

Question # 2

Which one is investment in economics

Question # 3

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

Question # 4

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

Question # 5

In equilibrium of nationalincome.

Question # 6

Equilibrium of national income will be when

Question # 7

MPC is always.

Question # 8

Consumption is a function of.

Question # 9

If money supply in a country decreses

Question # 10

This wil cause anincrease in national income

Question # 11

Which of the following would increase national income.

Question # 12

National income equals.

Question # 13

This will cause decrease in natioal income.

Question # 14

Which shows equilibrium of national income

Question # 15

Aggregate demand means.

Question # 16

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

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ICS Part 2 Economics English Medium Chapter 2 Test

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Sr. # Question Answer
1 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

2 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

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

A. 160

B. 240

C.8000

D. None of the above

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

A. acutal GDP

B. Real GDP

C.Net GDP

D. Nominal GDP

5 In equilibrium of nationalincome.

A. S > I

B. S = I

C.S < I

D. All are true

6 Equilibrium of national income will be when

A. S >I

B. S < I

C.S = I

D. S - 1

7 MPC is always.

A. Positive

B. Negative

C.Zero

D. More then APC

8 Consumption is a function of.

A. Saving

B. Investment

C.Income

D. Expenditure

9 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

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

11 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

12 National income equals.

A. c+ I+g

B. c-i-g

C.c-s-g

D. c+s+g

13 This will cause decrease in natioal income.

A. Rise in exports

B. Rise in saving

C.Increas in taxese

D. B and C above

14 Which shows equilibrium of national income

A. Consumption = investment

B. Saving = investment

C.Saving > investment

D. Saving < investment

15 Aggregate demand means.

A. Aggregate saving

B. Aggregate Income

C.Aggregate investment

D. Aggregate expenditure

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

A. Taxation

B. Consumption

C.Subsides

D. Investment

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