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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 A TV set purchased from a retail store is an example of
  • A. Intermediate good
  • B. Capital goods
  • C. Surplus goods
  • D. Final goods
2 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
3 Which shows equilibrium of national income.
  • A. consumption investment
  • B. saving=investment
  • C. saving < investment
  • D. saving> investment
4 Which is the largest figure
  • A. NNP
  • B. GNP
  • C. DPI
  • D. PI
5 It is deducted from GNP to get NNP
  • A. Indirect taxes
  • B. Depreciation
  • C. Direct taxes
  • D. Transfer payments
6 marginal propensity to consume is
  • A. Total income spent on consumption
  • B. Ratio of total income consumed
  • C. Ratio of additional income consumed
  • D. Consumption divided by saving
7 If we compare GDP and GNP, then
  • A. GNP = GDP - net income from abroad
  • B. GNP = NNP + net income from abroad
  • C. GNP = NNP - net income from abroad
  • D. GNP = NNP + net income from abroad
8 Which statement is true
  • A. National expenditure = National income
  • B. National expenditure = National income + National production
  • C. National expenditure = National income + National taxes
  • D. National expenditure = National income - Taxes
9 National income equals
  • A. c+s+g
  • B. c+i+g
  • C. c+i-g
  • D. c-i+g
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

Hamza Abid

Abbottabad12 - May - 2022

12/17
10 Mins 50 Sec
H

Hamza Abid

Abbottabad12 - May - 2022

10/17
10 Mins 50 Sec

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