12th class Economics chapter 2 online mcq test with answers for ICS part 2 Economics chapter 2 (Equilibrium of National Income)

Question # 1

Equilibrium of national income will be when

S >I A
S < I B
S = I C
S - 1 D

Question # 2

Aggregate demand means.

Aggregate saving A
Aggregate Income B
Aggregate investment C
Aggregate expenditure D

Question # 3

National income equals.

c+ I+g A
c-i-g B
c-s-g C
c+s+g D

Question # 4

If money supply in a country decreses

Price will rise A
Price will fall B
Rate of intrese falls C
B and C of above D

Question # 5

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

acutal GDP A
Real GDP B
Net GDP C
Nominal GDP D

Question # 6

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

160 A
240 B
8000 C
None of the above D

Question # 7

Which one is investment in economics

Building a factory A
Buyig shares in stock exchange B
Depositing money in bank C
Deposting money wiht housing society D

Question # 8

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

Taxation A
Consumption B
Subsides C
Investment D

Question # 9

Which shows equilibrium of national income

Consumption = investment A
Saving = investment B
Saving > investment C
Saving < investment D

Question # 10

In equilibrium of nationalincome.

S > I A
S = I B
S < I C
All are true D

Question # 11

This will cause decrease in natioal income.

Rise in exports A
Rise in saving B
Increas in taxese C
B and C above D

Question # 12

MPC is always.

Positive A
Negative B
Zero C
More then APC D

Question # 13

Consumption is a function of.

Saving A
Investment B
Income C
Expenditure D

Question # 14

Which of the following would increase national income.

Increase in taxation A
incerese in savings B
Increase in govt spending C
Decrease in consumption spending D

Question # 15

Marginal propensity to consume MPC is.

Total income spent on consumption A
Ratio of additionalincome consumed B
Ratio of total income consumed C
Consumption divided by saving D

Question # 16

This wil cause anincrease in national income

Rise in exports A
Fall in consumer spending B
Rise in imports C
Increase in saving D

Sr.#	Question	Answer
1	Which shows equilibrium of national income	A. Consumption = investment B. Saving = investment C. Saving > investment D. Saving < investment
2	Aggregate demand means.	A. Aggregate saving B. Aggregate Income C. Aggregate investment D. Aggregate expenditure
3	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
4	This wil cause anincrease in national income	A. Rise in exports B. Fall in consumer spending C. Rise in imports D. Increase in saving
5	In equilibrium of nationalincome.	A. S > I B. S = I C. S < I D. All are true
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	This will cause decrease in natioal income.	A. Rise in exports B. Rise in saving C. Increas in taxese D. B and C above
8	MPC is always.	A. Positive B. Negative C. Zero D. More then APC
9	Consumption is a function of.	A. Saving B. Investment C. Income D. Expenditure
10	Equilibrium of national income will be when	A. S >I B. S < I C. S = I D. S - 1

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