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12th Class Principles of Economics Chapter 2 Test

12th class I.Com Part 2 Principles of Economics chapter 2 Online MCQs test with answers for Principles of Economics


I.Com Part 2 Principles of Economics
Chapter 2 Test

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I.Com Part 2 Principles of Economics Chapter Wise Test
(English Medium)

12th class I.Com Part 2 Principles of Economics chapter 2 Online MCQs test with answers for Principles of Economics

Sr. # Questions Answers Choice
1 If C = 200 and I = 40 then Y will equal
  • A. 160
  • B. 240
  • C. 8000
  • D. None of the above
2 Consumption is a function of.
  • A. Saving
  • B. Investment
  • C. Income
  • D. Expenditure
3 This wil cause anincrease in national income
  • A. Rise in exports
  • B. Fall in consumer spending
  • C. Rise in imports
  • D. Increase in saving
4 MPC is always.
  • A. Positive
  • B. Negative
  • C. Zero
  • D. More then APC
5 Equilibrium of national income will be when
  • A. S >I
  • B. S < I
  • C. S = I
  • D. S - 1
6 If money supply in a country decreses
  • A. Price will rise
  • B. Price will fall
  • C. Rate of intrese falls
  • D. B and C of above
7 Which shows equilibrium of national income
  • A. Consumption = investment
  • B. Saving = investment
  • C. Saving > investment
  • D. Saving < investment
8 GDP atconstnat prices, calculated according to some base year is called.
  • A. acutal GDP
  • B. Real GDP
  • C. Net GDP
  • D. Nominal GDP
9 Which one is investment in economics
  • A. Building a factory
  • B. Buyig shares in stock exchange
  • C. Depositing money in bank
  • D. Deposting money wiht housing society
10 Marginal propensity to consume MPC is.
  • A. Total income spent on consumption
  • B. Ratio of additionalincome consumed
  • C. Ratio of total income consumed
  • D. Consumption divided by saving

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