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Online Short Questions For Chapter 1 "ICS Part 2 Economics English Medium Chapter 1 Online Short Questions Test "
Try The Short Questions For ICS Part 2 Economics English Medium Chapter 1 Online Short Questions Test
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Total Questions10
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Available Sets3
Economics - ICS Part 2 Economics English Medium Chapter 1 Online Short Questions Test
Question # 1
Explain the concept of personal income.
- Ans 1: It is the income whihc a person individually earns in a year. For example a layer earn 10 lace in a year, it is his personal income , Transfer payments and indirect taxes are included in personal income.
ICS Part 2 Economics English Medium Chapter 1 Online Short Questions Test - Set 1
Question # 1
Explain the concept of personal income.
- Ans 1: It is the income whihc a person individually earns in a year. For example a layer earn 10 lace in a year, it is his personal income , Transfer payments and indirect taxes are included in personal income.
ICS Part 2 Economics English Medium Chapter 1 Online Short Questions Test - Set 2
Question # 1
Write the methods to measure national income.
- Ans 1: 1- Product Method
- Ans 2: 2- Income Method
- Ans 3: 3- Expenditure method
ICS Part 2 Economics English Medium Chapter 1 Online Short Questions Test - Set 3
Question # 1
Explain the meanings of Goss Domestic Product.
- Ans 1: Total Market value of allfinal goods and services produced within a country druing a year is caleld gross domestic product. thus when we substract foreign income from gross national product. We get gross domestic product. G.DP = G.N.P.F.I
ICS Part 2 Economics Chapter 1 Test
Here you can prepare 12th Economics English Medium Chapter 1 Test. Click the button for 100% free full practice test.
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