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

Equilibrium of national income will be when

Question # 2

This will cause decrease in natioal income.

Question # 3

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

Question # 4

MPC is always.

Question # 5

In equilibrium of nationalincome.

Question # 6

Which shows equilibrium of national income

Question # 7

Which one is investment in economics

Question # 8

Aggregate demand means.

Question # 9

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

Question # 10

If money supply in a country decreses

Question # 11

Marginal propensity to consume MPC is.

Question # 12

This wil cause anincrease in national income

Question # 13

National income equals.

Question # 14

Consumption is a function of.

Question # 15

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

Question # 16

Which of the following would increase national income.

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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 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 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
3 National income equals.
A. c+ I+g
B. c-i-g
C. c-s-g
D. c+s+g
4 Which shows equilibrium of national income
A. Consumption = investment
B. Saving = investment
C. Saving > investment
D. Saving < investment
5 Which of the following is a withdrawal from the circular flow of income stream.
A. Taxation
B. Consumption
C. Subsides
D. Investment
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 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 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
10 Equilibrium of national income will be when
A. S >I
B. S < I
C. S = I
D. S - 1

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