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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
Write precautions of the product method to measure national Income.
- Ans 1: 1- Avoid double counting. 2- Subtract depreciation allowance.
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Ans 2: 3- Subtract indirect taxes. 4- Value of free services should not be counted.
- Ans 3: 5- Subsidies should be counted.
ICS Part 2 Economics English Medium Chapter 1 Online Short Questions Test - Set 1
Question # 1
Write precautions of the product method to measure national Income.
- Ans 1: 1- Avoid double counting. 2- Subtract depreciation allowance.
-
Ans 2: 3- Subtract indirect taxes. 4- Value of free services should not be counted.
- Ans 3: 5- Subsidies should be counted.
ICS Part 2 Economics English Medium Chapter 1 Online Short Questions Test - Set 2
Question # 1
Define National Income in the words of Prof Paul A Samullson.
- Ans 1: It is the loose name we give for the money measure of the over all annual flow of goods and services in an economy.
ICS Part 2 Economics English Medium Chapter 1 Online Short Questions Test - Set 3
Question # 1
Who did present the concept of equilibrium level of National income
- Ans 1: Prof. J.M.Keynes presented the concept of equilibrium level of national income in 1936 in his famous book. " General theory of employment,interest and money".
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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