1st Chapter

12th Economics Chapter 1 Test

Here you can prepare 12th Economics English Medium Chapter 1 National Income Test. Click the button for 100% free full practice test.

2nd Year Economics Chapter 1 Online MCQ Test for 12th Class Economics Chapter 1 (National Income)

This online test contains MCQs about following topics:

. National accounting, National incone, Concepts, GDP, GNP, NNP, Personal income, Disposable income, per capital income, Circular Flow of income, Measurement of National income, factors of National incone, Uses of national income statistics.

ICS Part 2 Economics Ch. 1 Test
ic

2nd Year Economics Chapter 1 Online MCQ Test for 12th Class Economics Chapter 1 (National Income)

Sr. # Questions Answers Choice
1 It is avoided to make correct estimate of national income.
  • A. Free services
  • B. Double counting
  • C. Export earnings
  • D. All of the above
2 It would increase the lvel of national income.
  • A. An increase in taxation
  • B. A reduction in governmnet spending
  • C. An increase in exports
  • D. Students scholarships
3 Direct taxes are not included in
  • A. DPI
  • B. PI
  • C. NNP
  • D. a and c above
4 The largest part of national income goes to
  • A. Consumption
  • B. Investment
  • C. Saving
  • D. Transfer payment
5 To determine the correct level of GNP ,it is necessary to.
  • A. Add up the values of goods and services during one year
  • B. Add up allsavings
  • C. Count all imports
  • D. Add up the value of semi finished goods
6 Transfer payments include.
  • A. Daily wages, pensions
  • B. Pensions Zakat
  • C. Taxes, pocket money
  • D. Zakat , taxes
7 We measure natonalincome by this method.
  • A. Expenditure method
  • B. Income method
  • C. Product method
  • D. As of the above
8 Which statment is true
  • A. NNP =GNP- Deprection
  • B. NNP =N1
  • C. NNP = DPI
  • D. NNP = GNP + Depreciation
9 Macroeconomics is concerned with.
  • A. Aggregate economic activity
  • B. Spending decisions of households
  • C. Hod to produce goods
  • D. How tobuy stocks and bonds
10 Gross nationa product includes
  • A. A loan from one's parents
  • B. A loan from a domestic bank
  • C. A loan from other countries
  • D. None of theabove

Top Scorers of Economics Ics Part 2 English Medium Chapter 1 Online Test

Z

Zureen Abid

Lahore24 - Sep - 2024

17/17
01 Mins 43 Sec
Z

Zureen Abid

Lahore24 - Sep - 2024

14/17
01 Mins 43 Sec
K

Kinza Iman Dar

Lahore30 - Oct - 2024

11/17
07 Mins 24 Sec

Chapterwise Lists

Chapter Name Questions PDF File
Economics Ics Part 2 English Medium Chapter 1 Online Test 17 Questions
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    06 Dec 2017

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