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 We measure natonalincome by this method.
  • A. Expenditure method
  • B. Income method
  • C. Product method
  • D. As of the above
2 Per capita Incom is.
  • A. Income per worker
  • B. Incomeper hea
  • C. Income per household
  • D. Income per industrial unit
3 If C= 200 and I= 40 Than Y will equal
  • A. 160
  • B. 240
  • C. 200
  • D. 8000
4 When National income is estimated by expenditue method we include.
  • A. All govt expenditure
  • B. All houseolds expenditure
  • C. All of the above
  • D. All expenditure of the business sector
5 Direct taxes are not included in
  • A. DPI
  • B. PI
  • C. NNP
  • D. a and c above
6 It is not included in estimation of national incoe
  • A. Illegal income
  • B. Services of house wife
  • C. Imports
  • D. All are not included
7 Country is poor if it has.
  • A. Less production of gods per capita
  • B. Less amount of gold
  • C. Less amout of foreign currency
  • D. Less exports
8 Market value of all final goods and services produced in a country during a year is definition
  • A. GNP
  • B. NNP
  • C. NI
  • D. Consumption
9 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
10 In calculating national income which one will NOT be included.
  • A. Exports
  • B. Old age pensions
  • C. Wages of lecturer
  • D. Undistributed profit by firms

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

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