ICS Part 2 Economics English Medium Online Test With Answers

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ICS Part 2 Economics English Medium Online Test

Sr. # Questions Answers Choice
1 Equilibrium of national income will be when S >I S < I S = I S - 1
2 This will cause decrease in natioal income. Rise in exports Rise in saving Increas in taxese B and C above
3 MPC is always. Positive Negative Zero More then APC
4 GDP atconstnat prices, calculated according to some base year is called. acutal GDP Real GDP Net GDP Nominal GDP
5 National income equals. c+ I+g c-i-g c-s-g c+s+g
6 In equilibrium of nationalincome. S > I S = I S < I All are true
7 Aggregate demand means. Aggregate saving Aggregate Income Aggregate investment Aggregate expenditure
8 Which of the following is a withdrawal from the circular flow of income stream. Taxation Consumption Subsides Investment
9 Which of the following would increase national income. Increase in taxation incerese in savings Increase in govt spending Decrease in consumption spending
10 Marginal propensity to consume MPC is. Total income spent on consumption Ratio of additionalincome consumed Ratio of total income consumed Consumption divided by saving
11 Which one is investment in economics Building a factory Buyig shares in stock exchange Depositing money in bank Deposting money wiht housing society
12 Consumption is a function of. Saving Investment Income Expenditure
13 If C = 200 and I = 40 then Y will equal 160 240 8000 None of the above
14 This wil cause anincrease in national income Rise in exports Fall in consumer spending Rise in imports Increase in saving
15 Which shows equilibrium of national income Consumption = investment Saving = investment Saving > investment Saving < investment
16 It can change money supply National Assembly Supreme court Government State Bank
17 The most importnat fature of money General acceptability Store of value Covertibility into gold Medium of exchange
18 Cheque is Legal Money Credit money Paper money Not money
19 Commercial Bank create Credit money Token money Legal Money Do not create money
20 Quantity of oney has relation with alue of money Direct Indirect Inverse No relation
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