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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 Which of the following would increase national income
  • A. Increase in taxation
  • B. Increase in savings
  • C. Increase in govt. in govt. spending
  • D. Decrease in consumption spending
2 Which of the following is a withdrawal from the circular flow of income stream
  • A. Investment
  • B. subsidies
  • C. taxation
  • D. consuption
3 To avoid double counting when GDP is estimated, economist
  • A. Use GDP deflator
  • B. Calculate value added at each stage of production
  • C. Use retail prices
  • D. Use price only intermediate goods
4 This may cause an increase in national income
  • A. Rise in exports
  • B. Rise in imports
  • C. Fall in consumer spending
  • D. Increase in saving
5 Consumption is a function of
  • A. Saving
  • B. Investment
  • C. Income
  • D. None
6 If C =200 and 1 = 40 then Y will equal
  • A. 160
  • B. 240
  • C. 8000
  • D. none of the above
7 If C = 200 and I = 40 then Y will equal
  • A. 160
  • B. 240
  • C. 8000
  • D. None of the above
8 Which one is investment in economics
  • A. Building a factory
  • B. Buying shares in stock exchange
  • C. Depositing money in bank
  • D. Depositing money in housing society
9 Select the correct statements
  • A. Transfer payments are included in national income
  • B. Depreciation allowance is a part of GNP
  • C. Taxes are not included in NNP
  • D. GDP means Gross Direct Production
10 When national income is estimated by expenditure method, we include
  • A. All govt. expenditure
  • B. All households expenditure
  • C. All expenditure of the business sector
  • D. All of a, b and c

Top Scorers of Economics Ics Part 2 English Medium Chapter 2 Online Test

H

Hasnain Mushtaq

Lahore22 - May - 2023

12/17
32 Sec
H

Hasnain Mushtaq

Lahore22 - May - 2023

12/17
32 Sec

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