ICS Part 2 Economics English Medium Chapter 2 Online Test With Answers

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ICS Part 2 Economics English Medium Chapter 2 Online Test

Sr. # Questions Answers Choice
1 If money supply in a country decreses Price will rise Price will fall Rate of intrese falls B and C of above
2 Equilibrium of national income will be when S >I S < I S = I S - 1
3 This will cause decrease in natioal income. Rise in exports Rise in saving Increas in taxese B and C above
4 MPC is always. Positive Negative Zero More then APC
5 GDP atconstnat prices, calculated according to some base year is called. acutal GDP Real GDP Net GDP Nominal GDP
6 National income equals. c+ I+g c-i-g c-s-g c+s+g
7 In equilibrium of nationalincome. S > I S = I S < I All are true
8 Aggregate demand means. Aggregate saving Aggregate Income Aggregate investment Aggregate expenditure
9 Which of the following is a withdrawal from the circular flow of income stream. Taxation Consumption Subsides Investment
10 Which of the following would increase national income. Increase in taxation incerese in savings Increase in govt spending Decrease in consumption spending
11 Marginal propensity to consume MPC is. Total income spent on consumption Ratio of additionalincome consumed Ratio of total income consumed Consumption divided by saving
12 Which one is investment in economics Building a factory Buyig shares in stock exchange Depositing money in bank Deposting money wiht housing society
13 Consumption is a function of. Saving Investment Income Expenditure
14 If C = 200 and I = 40 then Y will equal 160 240 8000 None of the above
15 This wil cause anincrease in national income Rise in exports Fall in consumer spending Rise in imports Increase in saving
16 Which shows equilibrium of national income Consumption = investment Saving = investment Saving > investment Saving < investment
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