2nd Chapter

12th Economics Chapter 2 Test

Here you can prepare 12th Economics English Medium Chapter 2 Equilibrium of National Income Test. Click the button for 100% free full practice test.

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

This online test contains MCQs about following topics:

. Determinatin of national incone, Consumption, Saving, MPC, MPS insvestment, Aggregate demand, Aggregate suply, Y=C+S, Y=C+I, Equilibrium income where S=I.

ICS Part 2 Economics Ch. 2 Test
ic

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

Sr. # Questions Answers Choice
1 Which of the following is a withdrawal from the circular flow of income stream.
  • A. Taxation
  • B. Consumption
  • C. Subsides
  • D. Investment
2 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
3 This will cause decrease in natioal income.
  • A. Rise in exports
  • B. Rise in saving
  • C. Increas in taxese
  • D. B and C above
4 MPC is always.
  • A. Positive
  • B. Negative
  • C. Zero
  • D. More then APC
5 Aggregate demand means.
  • A. Aggregate saving
  • B. Aggregate Income
  • C. Aggregate investment
  • D. Aggregate expenditure
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 If C = 200 and I = 40 then Y will equal
  • A. 160
  • B. 240
  • C. 8000
  • D. None of the above
8 In equilibrium of nationalincome.
  • A. S > I
  • B. S = I
  • C. S < I
  • D. All are true
9 Which of the following would increase national income.
  • A. Increase in taxation
  • B. incerese in savings
  • C. Increase in govt spending
  • D. Decrease in consumption spending
10 Equilibrium of national income will be when
  • A. S >I
  • B. S < I
  • C. S = I
  • D. S - 1

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